Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 6: EARNINGS PER SHARE 

Basic earnings per share (“EPS”) is computed based on the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the treasury stock method and reflects the potential dilution that could occur from the exercise of stock options, and warrants and the amortized portion of unvested stock awards. Stock options and unvested stock awards for which the exercise or the grant price exceeds the average market price over the period have an anti-dilutive effect on EPS and, accordingly, are excluded from the calculation. Treasury shares are not deemed outstanding for calculations. There were no outstanding stock warrants in 2013 and 2012, 128,568 anti-dilutive stock options outstanding, and no anti-dilutive stock awards outstanding at March 31, 2013. There were no anti-dilutive stock warrants outstanding, 148,459 anti-dilutive stock options outstanding, and no anti-dilutive stock awards at March 31, 2012. See Note 9 for a discussion of stock warrants issued and redeemed in conjunction with Preferred shares issued to the U.S. Treasury Department as part of the CPP. The following table sets forth the computation of basic and diluted earnings per share:

		Three Months Ended
		March 31, 2013
(In thousands, except per-share data)		Income	Shares		Amount
Basic EPS
Income available to common stockholders	$	1,138	2,725	$	0.42
Effect of potential dilutive common stock equivalents– stock options and  restricted shares		-	37		(0.01)
Diluted EPS
Income available to common stockholders after assumed conversions	$	1,138	2,762	$	0.41

		Three Months Ended
		March 31, 2012
(In thousands, except per-share data)		Income	Shares		Amount
Basic EPS
Income available to common stockholders	$	974	2,702	$	0.36
Effect of potential dilutive common stock equivalents– stock options, restricted shares and warrants		-	24		-
Diluted EPS
Income available to common stockholders after assumed conversions	$	974	2,726	$	0.36

NOTE 7: ACCUMULATED OTHER COMPREHENSIVE INCOME 

The components of accumulated other comprehensive loss included in stockholders' equity are as follows:

Accumulated Other Comprehensive Income (Unaudited)		Before-Tax		Tax		Net-of-Tax
(Dollars in thousands)		Amount		Effect		Amount
March 31, 2013
Net unrealized gain on AFS securities	$	1,026	$	(349)	$	677
Discount on AFS to HTM reclassification		(46)		15		(31)
Unrealized actuarial losses-pension		(2,233)		759		(1,474)
Total of all items above	$	(1,253)	$	425	$	(828)
December 31, 2012
Net unrealized loss on AFS securities	$	1,253	$	(426)	$	827
Discount on AFS to HTM reclassification		(54)		18		(36)
Unrealized actuarial losses-pension		(2,233)		759		(1,474)
Total of all items above	$	(1,034)	$	351	$	(683)