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Basic and Diluted Earnings Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share Abstract  
Earnings Per Share [Text Block]

NOTE 2: BASIC AND DILUTED EARNINGS PER SHARE

Basic net earnings per share is computed by dividing net earnings by the weighted average common shares outstanding for the respective period. Diluted net earnings per share reflect the potential dilution that could occur upon exercise of securities or other rights for, or convertible into, shares of the Company’s common stock. At June 30, 2014 and 2013, respectively, the Company had no such securities or rights issued or outstanding, and therefore, no dilutive effect to consider for the diluted earnings per share calculation.

The basic and diluted earnings per share computations for the respective periods are presented below.

Quarter ended June 30,Six Months Ended June 30,
(In thousands, except share and per share data)2014201320142013
Basic and diluted:
Net earnings$1,859$1,907$3,680$3,596
Weighted average common shares outstanding3,643,2953,642,9553,643,2283,642,936
Earnings per share$0.51$0.52$1.01$0.99