Shareholder's Equity (Tables)

6 Months Ended

Jun. 30, 2012

Shareholders Equity Tables

Schedule of Income per common share

Income per common share for the three and six months ended June 30, 2012 and for the three and six months ended June 30, 2011 was calculated as follows:

	FOR THE THREE MONTHS ENDED JUNE 30, 2012
	INCOME (NUMERATOR)		SHARES (DENOMINATOR)		PER SHARE AMOUNT
Net income	$	890,267
Basic income available to common shareholders	$	890,267		4,445,520	$	.20
Effect of dilutive options				-
Diluted income available to common shareholders	$	890,267		4,445,520	$	.20

	FOR THE SIX MONTHS ENDED JUNE 30, 2012
	INCOME (NUMERATOR)		SHARES (DENOMINATOR)		PER SHARE AMOUNT
Net income	$	1,780,993
Basic income available to common shareholders	$	1,780,993		4,445,232	$	.40
Effect of dilutive options				-
Diluted income available to common shareholders	$	1,780,993		4,445,232	$	.40

	FOR THE THREE MONTHS ENDED JUNE 30, 2011
	INCOME (NUMERATOR)		SHARES (DENOMINATOR)		PER SHARE AMOUNT
Net income	$	768,025
Basic income available to common shareholders	$	768,025		4,460,218	$	.17
Effect of dilutive options				-
Diluted income available to common shareholders	$	768,025		4,460,218	$	.17

	FOR THE SIX MONTHS ENDED JUNE 30, 2011
	INCOME (NUMERATOR)		SHARES (DENOMINATOR)		PER SHARE AMOUNT
Net income	$	1,417,393
Basic income available to common shareholders	$	1,417,393		4,454,969	$	.32
Effect of dilutive options				-
Diluted income available to common shareholders	$	1,417,393		4,454,969	$	.32