Earnings Per Share

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Earnings Per Share

NOTE 18 - EARNINGS PER SHARE

A reconciliation of the numerator and denominator used in the basic and diluted earnings per share calculation is presented below:

	Year ended December 31
	2011	2010	2009
Basic Earnings Per Share
Net income numerator	$3,739,876	$2,329,152	$2,927,375
Weighted average shares outstanding denominator	5,335,524	5,312,684	5,507,371
Per share amount	$0.70	$0.44	$0.53
Diluted Earnings Per Share
Net income numerator	$3,739,876	$2,329,152	$2,927,375
Weighted average shares outstanding	5,335,524	5,312,684	5,507,371
Effect of diluted securities	23,066	38,894	40,628
Diluted shares outstanding denominator	5,358,590	5,351,578	5,547,999
Per share amount	$0.70	$0.44	$0.53