Earnings per Share

9 Months Ended

Sep. 30, 2011

Earnings per Share

Earnings per Share

NOTE 4 — Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

(Amounts, except earnings per share, in thousands)

	Three Months		Three Months
	Ended		Ended
	September 30, 2011		September 30, 2010
Net income	$	1,214	$	1,285
Weighted-average common shares outstanding		4,236		4,283
Basic earnings per share	$	0.29	$	0.30
Weighted-average common shares outstanding		4,236		4,283
Common stock equivalents due to effect of stock options		4		3
Total weighted-average common shares and equivalents		4,240		4,286
Diluted earnings per share	$	0.29	$	0.30

	Nine Months		Nine Months
	Ended		Ended
	September 30, 2011		September 30, 2010
Net income	$	3,544	$	3,611
Weighted-average common shares outstanding		4,243		4,307
Basic earnings per share	$	0.84	$	0.84
Weighted-average common shares outstanding		4,243		4,307
Common stock equivalents due to effect of stock options		3		4
Total weighted-average common shares and equivalents		4,246		4,311
Diluted earnings per share	$	0.83	$	0.84