EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 6 – EARNINGS PER SHARE

The calculation of earnings per share is as follows:

Periods ended March 31, (in thousands, except per share amounts)	2012			2011
Net income	$	1,250		$	943
Preferred stock net accretion		—			(5	)
Preferred stock dividends declared		(83	)		(110	)
Net income available to common shareholders	$	1,167		$	828
Weighted average common stock outstanding - basic		1,689			1,688
Weighted average common and common equivalent stock outstanding - diluted		1,689			1,688
Earnings per common and common equivalent share
Basic	$	0.69		$	0.49
Diluted		0.69			0.49