Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

(12)    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 0 anti-dilutive stock warrants outstanding, 148,459 anti-dilutive stock options outstanding, and 0 anti-dilutive stock awards at December 31, 2011. There were 186,311 anti-dilutive stock warrants, 158,975 anti-dilutive stock options outstanding and 8,550 anti-dilutive stock awards at December 31, 2010. See Note 17 for a discussion of stock warrants issued 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:

	Year Ended December 31
(In thousands, except per share data)	2011							2010
	Income		Shares		Amount			Income		Shares		Amount
Basic EPS
Net income available to common stockholders	$	4,123		2,675	$	1.54		$	3,052		2,636	$	1.16
Effect of potential dilutive common stock equivalents — stock options, restricted shares and warrants		—		20		(0.01	)		—		1		—
Diluted EPS
Income available to common stockholders after assumed conversions	$	4,123		2,695	$	1.53		$	3,052		2,637	$	1.16