Three months

Six months

Periods ended June 30, (in thousands, except per share amounts)

2012

2011

2012

2011

Net income

$ 1,116

$ 882

$ 2,366

$ 1,825

Preferred stock net accretion

-

6

-

11

Preferred stock dividends paid

47

110

132

220

Net income available to common shareholders

$ 1,069

$ 766

$ 2,234

$ 1,594

Weighted average common stock outstanding – basic

1,690

1,689

1,690

1,689

Weighted average common and common equivalent stock outstanding- diluted

1,690

1,689

1,690

1,689

Earnings per common and common equivalent share

Basic

$ 0.63

$ 0.45

$ 1.32

$ 0.94

Diluted

0.63

0.45

1.32

0.94