Annual report pursuant to Section 13 and 15(d)

Earnings per Common Share

v2.4.1.9
Earnings per Common Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 13 – 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 2014 and 2013 is presented below.
 
 
 
2014
 
 
2013
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
7,393,779
 
 
$
7,117,709
 
Weighted-average common shares outstanding
 
 
2,844,033
 
 
 
2,841,990
 
Basic earnings per common share
 
$
2.60
 
 
$
2.50
 
 
 
 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
7,393,779
 
 
$
7,117,709
 
Weighted-average common shares outstanding
 
 
2,844,033
 
 
 
2,841,990
 
Weighted-average common and dilutive potential common shares outstanding
 
 
2,844,033
 
 
 
2,841,990
 
Diluted earnings per common share
 
$
2.60
 
 
$
2.50
 
 
There were 750 and 6,350 anti-dilutive shares outstanding at December 31, 2014 and 2013, respectively.