Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2012

Earnings Per Common Share [Abstract]

Earnings per common share

Earnings per common share are summarized in the following table (all figures in thousands except earnings per share):

	Years Ended December 31,
	2012		2011
Net income	$	2,640	$	1,551
Less net income attributable to participating securities(1)		25		14
Net income available to common shareholders	$	2,615	$	1,537
Weighted average number of shares outstanding, basic		2,586		2,582
Effect of potentially dilutive common shares(2)		33		26
Weighted average number of shares outstanding, diluted		2,619		2,608
Earnings per share, basic	$	1.01	$	0.60
Earnings per share, diluted	$	1.00	$	0.59

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(1) Represents dividends paid and undistributed earnings allocated to non-vested restricted stock awards

(2) Represents the effect of the assumed exercise of warrants, assumed exercise of stock options, vesting of non-participating restricted shares, and vesting of restricted stock units, based on the treasury stock method.