Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 6: 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:

	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
Weighted-average common      shares outstanding (basic)		2,872,079		2,938,660		2,887,277		2,938,660
Dilutive effect of assumed      exercise of stock options		—		—		—		—
Weighted-average common      shares outstanding (diluted)		2,872,079		2,938,660		2,887,277		2,938,660

None of the outstanding options were included in the diluted earnings per share calculation for the three and six months ended June 30, 2013 and 2012, as the average fair value of the shares was less than the option exercise prices.