Earnings Per Share

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Earnings Per Share

NOTE 3 – EARNINGS PER SHARE

The following table represents the reconciliation of the numerators and denominators of the Company's basic earnings per share and diluted earnings per share computations reported on the Consolidated Statements of Operations for the three and nine months ended September 30, 2011 and 2010:

	Three Months Ended				Nine Months Ended
	September 30				September 30
		2011		2010		2011		2010
Basic Earnings Per Share
Net income numerator	$	1,274,652	$	623,962	$	3,095,686	$	1,571,378
Weighted average shares outstanding denominator		5,334,901		5,316,751		5,334,411		5,310,501
Basic Earnings Per Share	$	0.24	$	0.12	$	0.58	$	0.30
Diluted Earnings per Share
Net income numerator	$	1,274,652	$	623,962	$	3,095,686	$	1,571,378
Weighted average shares outstanding		5,334,901		5,316,751		5,334,411		5,310,501
Effect of dilutive securities		22,968		35,820		24,098		40,473
Diluted shares outstanding denominator		5,357,869		5,352,571		5,358,509		5,350,974
Diluted Earnings Per Share	$	0.24	$	0.12	$	0.58	$	0.29