Earnings per Common Share

6 Months Ended

Jun. 30, 2012

Earnings per Common Share [Abstract]

Earnings per Common Share

Note 2.  Earnings per Common Share

Basic earnings per common share ("EPS") is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding. Diluted EPS includes any additional common shares as if all potentially dilutive common shares were issued (e.g., stock options). The Corporation's weighted average common shares outstanding for diluted EPS include the effect of stock options and warrants outstanding using the Treasury Stock Method, which are not included in the calculation of basic EPS. Anti-dilutive stock option shares outstanding were 79,343 and 79,343, respectively, for the three and six months ended June 30, 2012 and 79,343 and 79,343, respectively, for three and six months ended June 30, 2011, respectively.

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2012		2011		2012		2011
Net income	$	4,353	$	3,584	$	8,584	$	6,602
Preferred stock dividends and accretion		84		145		225		291
Net income available to common shareholders	$	4,269	$	3,439	$	8,359	$	6,311
Basic weighted average common shares outstanding		16,334		16,291		16,333		16,291
Plus: effect of dilutive options and warrants		8		25		7		18
Diluted weighted average common shares outstanding		16,342		16,316		16,340		16,309
Earnings per common share:
Basic	$	0.26	$	0.21	$	0.51	$	0.39
Diluted	$	0.26	$	0.21	$	0.51	$	0.39