Earnings Per Common Share

9 Months Ended

Sep. 30, 2012

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note 11.  Earnings per Common Share

The following table summarizes basic and diluted earnings per common share calculations for the periods stated: 

	For the Three Months Ended September 30,
	2012	2011
Net income	$                       5,903	$                       6,789
Preferred stock dividend	(21)	(2)
Net income available to common shareholders	$                       5,882	$                       6,787
Weighted average shares outstanding, basic	10,447	10,447
Dilutive shares, stock options	26	-
Weighted average shares outstanding, diluted	10,473	10,447
Earnings per common share, basic	$                         0.56	$                         0.65
Earnings per common share, diluted	$                         0.56	$                         0.65
	For the Nine Months Ended September 30,
	2012	2011
Net income	$                       7,047	$                       4,232
Preferred stock dividend	(68)	(2)
Net income available to common shareholders	$                       6,979	$                       4,230
Weighted average shares outstanding, basic	10,447	8,858
Dilutive shares, stock options	16	-
Weighted average shares outstanding, diluted	10,463	8,858
Earnings per common share, basic	$                         0.67	$                         0.48
Earnings per common share, diluted	$                         0.67	$                         0.48