Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2013

Earnings Per Common Share [Abstract]

Computations of Earnings per Common Share

Basic earnings per common share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period.  Diluted earnings per common share is adjusted for the dilutive effects of stock options, warrant, and restricted stock.  The diluted average number of common shares outstanding has been increased for the assumed exercise of stock options, warrant, and restricted stock with proceeds used to purchase treasury shares at the average market price for the period.  The computations are as follows for the three months ended March 31, 2013 and 2012 (dollars in thousands, except share and per share data):

	For the Three Months
	Ended March 31,
	2013		2012
Net income	$	1,728		2,277
Weighted average number of shares outstanding used in the calculation of basic earnings per common share		7,513,101		6,706,295
Add dilutive effect of:
Stock options		14,312		7,103
Stock warrant		83,213		60,053
Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share		7,610,626		6,773,451
Earnings per common share:
Basic	$	0.23		0.34
Diluted		0.23		0.34