Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
(4) Earnings Per Share

Basic earnings per share ("EPS") have been computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. Shares issued during the period are weighted for the portion of the period that they were outstanding. Our calculation of diluted earnings per common share includes the dilutive effects for the assumed vesting of restricted stock awards.

 
 
Three months
 
Nine months
 
 
ended September 30,
 
ended September 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
 
5,333,077
 
5,286,706
 
5,327,904
 
5,280,194
Effect of dilutive shares
 
5,713
 
24,523
 
8,238
 
25,207
Diluted weighted average common shares outstanding
 
5,338,790
 
5,311,229
 
5,336,142
 
5,305,401