Three Months

Nine Months

Ended

September 30, 2011

September 30, 2010

September 30, 2011

September 30, 2010

Basic earnings per share

Numerator:

Net Income (Loss)

$ 168

$ (2,518)

$ 386

$ (10,570)

Dividends and amortization of discount on preferred stock

$ 89

$ 90

$ 266

Net Income (Loss) available to common stock

$ 79

$ (2,608)

$ 120

$ (10,836)

Denominator:

Weighted average common shares outstanding

2,049

2,045

2,049

2,045

Less: Average unallocated ESOP shares

(56)

(65)

(56)

(65)

Less: Average non-vested RRP shares

(1)

(2)

(1)

(2)

Weighted average common shares outstanding

for basic earnings (loss) per share

1,992

1,978

1,992

1,978

Basic earnings (loss) per share

$ 0.04

$ (1.32)

$ 0.06

$ (5.48)

Diluted earnings per share

Numerator:

Net Income (Loss) available to common stock

$ 79

$ (2,608)

$ 120

$ (10,836)

Denominator:

Weighted average common shares outstanding

for basic earnings per share

1,992

1,978

1,992

1,978

Add: Dilutive effects of restricted stock,

stock options and warrants

-

Weighted average common shares and dilutive

potential common shares outstanding

1,992

1,978

1,992

1,978

Diluted earnings (loss) per share

$ 0.04

$ (1.32)

$ 0.06

$ (5.48)