Earnings Per Share

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Earnings Per Share

NOTE 4 – EARNINGS PER SHARE

The following table represents the reconciliation 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 six months ended June 30, 2012 and 2011:

	Three Months Ended				Six Months Ended
	June 30				June 30
	2012		2011		2012		2011
Basic Earnings Per Share
Net income	$	156,775	$	706,687	$	657,145	$	1,821,034
Weighted average shares outstanding		5,344,234		5,334,119		5,342,988		5,334,166
Basic Earnings Per Share	$	0.03	$	0.13	$	0.12	$	0.34
Diluted Earnings Per Share
Net income	$	156,775	$	706,687	$	657,145	$	1,821,034
Weighted average shares outstanding		5,344,234		5,334,119		5,342,988		5,334,166
Effect of dilutive securities		15,644		23,841		18,068		23,848
Diluted shares outstanding		5,359,878		5,357,960		5,361,056		5,358,014
Diluted Earnings Per Share	$	0.03	$	0.13	$	0.12	$	0.34