Earnings Per Share (EPS)

3 Months Ended

Jun. 30, 2012

Earnings Per Share (EPS) [Abstract]

Earnings Per Share (EPS)

NOTE 3 – Earnings per Share (EPS)

     Basic EPS is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. As of June 30, 2012, 110,563 shares were anti-dilutive for the three month period, compared to 148,563 anti-dilutive shares for the three month period ended June 30, 2011. Anti-dilutive shares are stock options with exercise prices in excess of the weighted-average market value for the same period and are not included in the determination of diluted earnings per share. Unallocated common shares held by the Bank's employee stock ownership plan are not included in the weighted-average number of common shares outstanding for purposes of calculating both basic and diluted EPS.

		Income		Shares		Per-Share
		(Numerator)		(Denominator)		Amount
		(In Thousands)
Three Months ended June 30, 2012
Basic EPS
Net income	$	801		--
Dividends and undistributed earnings allocated
to unvested shares		--		--
Net income and income available to common stockholders		801		5,687,051	$	0.14
Effect of dilutive securities options		--		90,495
Diluted EPS
Income available to common stockholders and
assumed conversions	$	801		5,777,546	$	0.14
Three Months ended June 30, 2011
Basic EPS
Net income	$	779		--
Dividends and undistributed earnings allocated
to unvested shares		(1	)	--
Net income and income available to common stockholders		778		5,939,177	$	0.13
Effect of dilutive securities options		--		66,270
Diluted EPS
Income available to common stockholders and
assumed conversions	$	778		6,005,447	$	0.13