Note 11 - Earnings per Common Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Text Block]

Note 11. Earnings per Common Share

The following table details the computation of basic and diluted earnings per common share for the years ended December 31, 2012 and 2011.

In Thousands, Except Share and Per Share Data	2012		2011
Net income available to common shareholders	$	3,987	$	1,315
Weighted average common shares outstanding		3,259,424		3,241,547
Weighted average common shares outstanding, diluted		3,259,424		3,241,547
Basic and diluted earnings per common share	$	1.22	$	.41

At December 31, 2012 and 2011, stock options to purchase 459,690 and 463,100 shares, respectively, were outstanding. These options were not included in the calculation of diluted weighted average shares as their impact would be anti­dilutive.