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Earnings per Share
6 Months Ended
Jun. 30, 2012
Earnings per Share [Abstract]  
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

June 30, 2012

June 30, 2011

Net income

$                 1,215

$                 1,091

Weighted-average common shares outstanding

4,232

4,238

Basic earnings per share

$                   0.29

$                      0.26

Weighted-average common shares outstanding

4,232

4,238

Common stock equivalents due to effect of stock options

3

3

Total weighted-average common shares and equivalents

4,235

4,241

Diluted earnings per share

$                   0.29

$                   0.26

Six Months

Six Months

Ended

Ended

June 30, 2012

June 30, 2011

Net income

 $                 1,633

 $                 2,330

Weighted-average common shares outstanding

                       4,230

                       4,247

Basic earnings per share

 $                   0.39

 $                   0.55

Weighted-average common shares outstanding

                       4,230

                       4,247

Common stock equivalents due to effect of stock options

                              3

                              3

Total weighted-average common shares and equivalents

                       4,233

                       4,250

Diluted earnings per share

 $                   0.39

 $                   0.55