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Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2012
Earnings per Share [Abstract]  
Computation of 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.
 
 
Three months ended
 
 
Six months ended
 
 
June 30,
 
 
June 30,
 
 
2012
 
 
2011
 
 
2012
 
 
2011
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share computation;
 
 
 
 
 
 
 
 
 
 
 
 
Net income applicable to common stock
 
$
3,753,000
 
 
$
3,147,000
 
 
$
7,202,000
 
 
$
5,977,000
 
Weighted average common shares outstanding for basic earnings per share
 
 
2,886,012
 
 
 
2,915,708
 
 
 
2,890,849
 
 
 
2,916,526
 
Earnings per share - basic
 
$
1.30
 
 
$
1.08
 
 
$
2.49
 
 
$
2.05
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share computation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income applicable to common stock
 
$
3,753,000
 
 
$
3,147,000
 
 
$
7,202,000
 
 
$
5,977,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding for basic earnings per share
 
 
2,886,012
 
 
 
2,915,708
 
 
 
2,890,849
 
 
 
2,916,526
 
Add: Dilutive effects of restricted stock
 
 
1,409
 
 
 
-
 
 
 
624
 
 
 
-
 
Weighted average common shares outstanding for dilutive earnings per share
 
 
2,887,421
 
 
 
2,915,708
 
 
 
2,891,473
 
 
 
2,916,526
 
Earnings per share - dilutive
 
$
1.30
 
 
$
1.08
 
 
$
2.49
 
 
$
2.05