PER SHARE DATA

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Text Block]

NOTE 8 – PER SHARE DATA

The computation for basic and diluted earnings per share is as follows:

Six months ended June 30, 2011 compared to six months ended June 30, 2010:

	2011		2010
	(in thousands, except per share information)
Basic earnings per share
Net income	$	2,480	$	4,111
Weighted average shares outstanding		6,913		6,456
Basic earnings per share	$	0.36	$	0.64
Diluted earnings per share
Net income	$	2,480	$	4,111
Weighted average shares outstanding		6,913		6,456
Add dilutive effect of assumed exercising of stock options		40		19
Diluted weighted average shares outstanding		6,953		6,475
Diluted earnings per share	$	0.36	$	0.63

Three months ended June 30, 2011 compared to three months ended June 30, 2010:

	2011		2010
	(in thousands, except per share information)
Basic earnings per share
Net income	$	313	$	2,347
Weighted average shares outstanding		6,790		6,463
Basic earnings per share	$	0.05	$	0.36
Diluted earnings per share
Net income	$	313	$	2,347
Weighted average shares outstanding		6,790		6,463
Add dilutive effect of assumed exercising of stock options		35		27
Diluted weighted average shares outstanding		6,825		6,490
Diluted earnings per share	$	0.05	$	0.36