Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 3 Months Ended
Mar. 31, 2014
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
ended March 31,
  
 
  
2014
    
2013
  
 
  
   
 
Basic weighted average common shares outstanding
    
5,347,435
      
5,317,387
  
 
                
Effect of dilutive restricted stock awards
    
16,991
      
12,088
  
 
                
Diluted weighted average common shares outstanding
    
5,364,426
      
5,329,475