Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 6 Months Ended
Jun. 30, 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
 
Six months
 
 
ended June 30,
 
ended June 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
 
5,355,698
 
5,333,077
 
5,351,589
 
5,325,275
Effect of dilutive shares
 
12,468
 
6,983
 
14,717
 
9,522
Diluted weighted average common shares outstanding
 
5,368,166
 
5,340,060
 
5,366,306
 
5,334,797