Net income (numerator)

$

976,000

$

862,000

$

2,833,000

$

3,082,000

Shares (denominator):

Basic weighted average common shares outstanding

10,354,289

11,075,527

10,525,957

11,103,467

Add: dilutive effect of common stock options

130,799

98,212

117,000

90,711

Diluted weighted average common shares outstanding

10,485,088

11,173,739

10,642,957

11,194,178

Earnings per common share:

Basic

$

0.09

$

0.08

$

0.27

$

0.28

Diluted

$

0.09

$

0.08

$

0.27

$

0.28