Years ended December 31, (in thousands, except per share amounts)

2012

2011

2010

Net income

$ 4,077

$ 4,112

$ 3,660

Preferred stock net accretion

-

(78)

(21)

Preferred stock dividends declared

(216)

(446)

(441)

Cumulative preferred stock dividends earned

-

Net income available to common shareholders

$ 3,861

$ 3,588

$ 3,198

Weighted average common stock outstanding - basic

1,690

1,689

1,687

Weighted average common and common equivalent stock outstanding- diluted

1,690

1,689

1,687

Earnings per common and common equivalent share

Basic

$ 2.28

$ 2.12

$ 1.90

Diluted

2.28

2.12

1.90