Net Income per Share

9 Months Ended

Sep. 30, 2012

Net Income per Share

Note 3.  Net Income per Share

Net income per share - basic has been computed based on the weighted average number of shares outstanding during each period. Net income per share - diluted has been computed based on the weighted average number of shares outstanding during each period plus the dilutive effect of outstanding stock options using the treasury stock method. Earnings per share was computed as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2012		2011		2012		2011
Basic weighted average shares outstanding		4,861,411		4,843,911		4,856,584		4,841,829
Dilutive effect of granted options		5,628		10,364		8,493		7,683
Diluted weighted average shares outstanding		4,867,039		4,854,275		4,865,077		4,849,512
Net income	$	1,629,042	$	1,622,358	$	5,043,806	$	5,431,516
Net income per share-basic	$	0.34	$	0.33	$	1.04	$	1.12
Net income per share-diluted	$	0.33	$	0.33	$	1.04	$	1.12