Annual report pursuant to Section 13 and 15(d)

Earnings per Common Share

v2.4.0.8
Earnings per Common Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 12 – Earnings per Common Share
 
A reconciliation of the numerators and denominators of the basic earnings per common share and diluted earnings per common share computations for 2013 and 2012 is presented below.
 
 
2013
 
 
2012
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
7,117,709
 
 
$
6,852,915
 
Weighted-average common shares outstanding
 
 
2,841,990
 
 
 
2,839,719
 
Basic earnings per common share
 
$
2.50
 
 
$
2.41
 
 
 
 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
7,117,709
 
 
$
6,852,915
 
Weighted-average common shares outstanding
 
 
2,841,990
 
 
 
2,839,719
 
Weighted-average common and dilutive potential common shares outstanding
 
 
2,841,990
 
 
 
2,839,719
 
Diluted earnings per common share
 
$
2.50
 
 
$
2.41
 
 
There were 6,350 and 25,950 anti-dilutive shares outstanding at December 31, 2013 and 2012, respectively.