Earnings Per Share (EPS)

6 Months Ended

Jun. 30, 2011

Earnings Per Share (EPS) [Abstract]

Earnings Per Share (EPS)

13.  Earnings Per Share (EPS)

EPS is calculated based on average weighted common shares outstanding less ESOP and RRP shares not released and less treasury stock.  The number of shares used in the EPS computation at June 30, 2011 was 2,306,615 and at June 30, 2010 was 2,337,762.

Basic and diluted earnings per share for the 2010 period have been adjusted to take into account the conversion of MBL Bank from the mutual holding company structure to the stock holding company structure (See Note 14).