Earnings Per Share

3 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 3: Earnings Per Share

Basic earnings per common share is computed based upon the weighted-average number of common shares outstanding during the period, less shares in the Company's Employee Stock Ownership Plan (“ESOP”) that are unallocated and not committed to be released.  Diluted earnings per common share include the dilutive effect of all additional potential common shares issuable under the Company's stock option plan.  The computations are as follows:

	For the three months ended June 30,
	2011		2010
Weighted-average common shares outstanding (basic)		2,930,075		2,921,174
Dilutive effect of assumed exercise of stock options		––		––
Weighted-average common shares outstanding (diluted)		2,930,075		2,921,174

None of the outstanding options were included in the diluted earnings per share calculation for the three months ended June 30, 2011 and 2010, as the average fair value of the shares was less than the option exercise prices.