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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basis of computation of earnings per common share

 

 

 

Years Ended December 31,

 

 

 

2012

 

2011

 

 

 

 

 

 

 

Net income available to common stockholders

 

$

948,000

 

$

1,011,000

 

 

 

 

 

 

 

Basic common shares:

 

 

 

 

 

Weighted average shares outstanding

 

1,909,139

 

1,903,396

 

Less: Weighted average unallocated ESOP shares

 

(61,565

)

(23,774

)

Add: Weighted average unvested restricted stock shares with non-forfeitable dividend rights

 

29,651

 

25,543

 

Basic weighted average common shares outstanding

 

1,877,225

 

1,905,165

 

 

 

 

 

 

 

Dilutive potential common shares

 

3,498

 

174

 

 

 

 

 

 

 

Diluted weighted average common shares outstanding

 

1,880,723

 

1,905,339

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.51

 

$

0.53

 

 

 

 

 

 

 

Diluted earnings per share

 

$

0.51

 

$

0.53