Earnings Per Share

9 Months Ended

Sep. 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 nine months ended September 30, 2012 and 2011:

	Three Months Ended				Nine Months Ended
	September 30				September 30
	2012		2011		2012		2011
Basic Earnings Per Share
Net income	$	745,595	$	1,274,652	$	1,402,740	$	3,095,686
Weighted average shares outstanding		5,337,913		5,334,901		5,341,296		5,334,411
Basic Earnings Per Share	$	0.14	$	0.24	$	0.26	$	0.58
Diluted Earnings Per Share
Net income	$	745,595	$	1,274,652	$	1,402,740	$	3,095,686
Weighted average shares outstanding		5,337,913		5,334,901		5,341,296		5,334,411
Effect of dilutive securities		12,008		22,968		15,455		24,098
Diluted shares outstanding		5,349,921		5,357,869		5,356,751		5,358,509
Diluted Earnings Per Share	$	0.14	$	0.24	$	0.26	$	0.58