3. Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

3. Schedule Of Earnings Per Share

For The Quarter Ended June 30,	2012		2011
Net income, as reported	$	1,021,192	$	871,318
Less: dividends to preferred shareholders		46,875		46,875
Net income available to common shareholders	$	974,317	$	824,443
Weighted average number of common shares
used in calculating earnings per share		4,760,169		4,663,166
Earnings per common share	$	0.20	$	0.18
For the Six Months Ended June 30,		2012		2011
Net income, as reported	$	1,986,042	$	1,816,187
Less: dividends to preferred shareholders		93,750		93,750
Net income available to common shareholders	$	1,892,292	$	1,722,437
Weighted average number of common shares
used in calculating earnings per share		4,748,013		4,649,322
Earnings per common share	$	0.40	$	0.37