EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 6 – EARNINGS PER SHARE

	Three months		Nine months
Periods ended September 30, (in thousands, except per share amounts)	2012	2011	2012	2011
Net income	$    1,140	$  1,039	$    3,506	$    2,864
Preferred stock net accretion	-	(67)	-	(78)
Preferred stock dividends paid	(46)	(107)	(178)	(327)
Net income available to common shareholders	$    1,094	$     865	$    3,328	$    2,459
Weighted average common stock outstanding – basic	1,690	1,689	1,690	1,688
Weighted average common and common equivalent stock outstanding- diluted	1,690	1,689	1,690	1,688
Earnings per common and common equivalent share
Basic	$     0.65	$    0.51	$     1.97	$     1.46
Diluted	0.65	0.51	1.97	1.46