Earnings Per Share

3 Months Ended

Mar. 31, 2012

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 March 31,
	2012		2011
Weighted-average common shares outstanding (basic)		2,938,660		2,930,075
Dilutive effect of assumed exercise of stock options		—		—
Weighted-average common shares outstanding (diluted)		2,938,660		2,930,075

None of the outstanding options were included in the diluted earnings per share calculation for the three months ended March 31, 2012 and 2011, as the average fair value of the shares was less than the option exercise prices.