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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

Note 13 – Earnings per share

 

Basic EPS excludes dilution and is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period.  Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of common stock that then shared in the earnings of the entity. 

The basic and diluted earnings per share calculations are as follows:

 

2013

 

2012

Numerator:

 

 

 

Net income available to stockholders
$
3,060 

 
$
2,132 

 

 

 

 

Basic EPS weighted average shares outstanding
3,353,784 

 
3,343,210 

Effect of dilutive securities:

 

 

 

Incremental shares attributable to Stock Option Plan
1,174 

 
297 

 

 

 

 

Diluted EPS weighted-average shares outstanding
3,354,958 

 
3,343,507 

 

 

 

 

Basic earnings per share
$
0.91 

 
$
0.64 

Diluted earnings per share
$
0.91 

 
$
0.64 

Note 13 – Earnings per share (continued)

 

At December 31, 2012, 175,069 option shares were excluded from the 2012 earnings per share calculation because their effects were anti-dilutive.  At December 31, 2013,  111,371 option shares were excluded from the 2013 earnings per share calculation because their effects were ant-dilutive.