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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Common Share [Abstract]  
Calculated basic and diluted earnings per common share
                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2012     2011     2012     2011  

Net income available to common shareholders

  $ (388,708 )    $ 158,585     $ (1,201,365 )    $ 193,887  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding

    10,234,003       9,711,258       10,051,429       9,806,899  

Net effect of the assumed exercise of stock options based on the treasury stock method using the average market price for the period

    104,843       111,481       104,843       111,481  
   

 

 

   

 

 

   

 

 

   

 

 

 

Average number of common shares outstanding used to calculate diluted earnings per common share

    10,338,846       9,822,739       10,156,272       9,918,380