Earnings per Share

6 Months Ended

Jun. 30, 2011

Earnings per Share [Abstract]

Earnings per Share

Note 2 - Earnings per Share

The following table sets forth the computation of earnings per share.  Earnings per share calculations give retroactive effect to stock dividends declared by the Company.  The Company has no dilutive securities.
 

	Three months ended		Six months ended
	June 30,		June 30,
	2011	2010	2011	2010
Net income applicable to common stock	$3,147,000	$2,927,000	$5,977,000	$5,673,000
Weighted average common shares outstanding	2,887,276	2,898,480	2,888,094	2,898,571
Earnings per share	$1.09	$1.01	$2.07	$1.96