Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
(3) 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,
 
 
2014
 
2013
 
2014
 
2013
Basic weighted average common shares outstanding
 
5,355,968
 
5,333,077
 
5,353,065
 
5,327,904
Effect of dilutive shares
 
16,027
 
5,713
 
15,159
 
8,238
Diluted weighted average common shares outstanding
 
5,371,995
 
5,338,790
 
5,368,224
 
5,336,142