Note 10 - Earnings per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 10. Earnings per Share

The following tables show the weighted average number of shares used in computing earnings per common share and the effect on weighted average number of shares of diluted potential common stock. Potential dilutive common stock had no effect on income available to common shareholders.

	Three Months Ended September 30,
	2013						2012
	(Unaudited)						(Unaudited)
In Thousands, except share and per share data	Shares		Net Income Available to Common Shareholders		Per Share Amount		Shares		Net Income Available to Common Shareholders		Per Share Amount
Earnings per common share, basic		3,270,299	$	298	$	0.09		3,262,518	$	432	$	0.13
Series C Preferred Stock Dividends				180		-				-		-
Effect of dilutive securities:
Convertible preferred stock		2,240,000				-		-				-
Earnings per common share, diluted		5,510,299	$	478	$	0.09		3,262,518	$	432	$	0.13

20

	Nine Months Ended September 30,
	2013							2012
	(Unaudited)							(Unaudited)
In Thousands, except share and per share data	Shares		Net Income Available to Common Shareholders		Per Share Amount			Shares		Net Income Available to Common Shareholders		Per Share Amount
Earnings per common share, basic		3,268,646	$	1,158	$	0.35			3,258,385	$	3,583	$	1.10
Series C Preferred Stock Dividends				180		-					-		-
Effect of dilutive securities:
Convertible preferred stock		779,487				(.02	)		-				-
Earnings per common share, diluted		4,048,133	$	1,338	$	0.33			3,258,385	$	3,583	$	1.10