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4. Net Earnings Per Common Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

4. Net Earnings Per Common Share

(4)     Net Earnings Per Common Share

Net earnings per common share is based on the weighted average number of common shares outstanding during the period while the effects of potential common shares outstanding during the period are included in diluted earnings per common share.  The average market price during the year is used to compute equivalent shares.

The reconciliation of the amounts used in the computation of both “basic earnings per common share” and “diluted earnings per common share” for the three and six months ended June 30, 2014 and 2013 is as follows:

For the three months ended June 30, 2014
	Net Earnings Available to Common Shareholders (Dollars in  thousands)			Common Shares		Per Share Amount
Basic earnings per common share	$	2,551		5,616,008		$	0.45
Effect of dilutive securities:
Stock options		-		25,471
Diluted earnings per common share	$	2,551		5,641,479		$	0.45
For the six months ended June 30, 2014
	Net Earnings Available to Common Shareholders (Dollars in thousands)			Common Shares		Per Share Amount
Basic earnings per common share	$	5,130		5,614,758		$	0.91
Effect of dilutive securities:
Stock options		-		22,432
Diluted earnings per common share	$	5,130		5,637,190		$	0.91

For the three months ended June 30, 2013
	Net Earnings Available to Common Shareholders (Dollars in thousands)			Common Shares		Per Share Amount
Basic earnings per common share	$	1,477		5,613,495		$	0.26
Effect of dilutive securities:
Stock options		-		5,589
Diluted earnings per common share	$	1,477		5,619,084		$	0.26
For the six months ended June 30, 2013
	Net Earnings Available to Common Shareholders  (Dollars in  thousands)			Common Shares		Per Share Amount
Basic earnings per common share	$	3,078		5,613,495		$	0.55
Effect of dilutive securities:
Stock options		-		5,185
Diluted earnings per common share	$	3,078		5,618,680		$	0.55

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 55

-Paragraph 52

-URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

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