Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note 6: Earnings Per Share

The following table presents reconciliations of the calculations of basic and diluted earnings per common share for the periods indicated:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands except per share data)	2012		2011		2012		2011
Net income	$	3,736	$	3,629	$	7,349	$	6,730
Weighted average common shares outstanding		6,249		6,206		6,243		6,199
Dilutive effect of common stock equivalents		11		10		13		11
Weighted average common and common equivalent
shares outstanding		6,260		6,216		6,256		6,210
Basic earnings per common share	$	0.60	$	0.58	$	1.18	$	1.09
Diluted earnings per common share	$	0.60	$	0.58	$	1.17	$	1.08

Basic earnings per common share were computed by dividing net income by the weighted average number of shares of common stock outstanding for the three and six months ended June 30, 2012. For the three and six months ended June 30, 2012, there were no anti-dilutive stock options outstanding which were not considered in the calculation of diluted earnings per share because the stock options’ exercise price was greater than the average market price during these periods.