Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

EARNINGS PER SHARE

4.  EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per common share:

(In thousands, except share and per share data)	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Net income (A)	$	1,404	$	1,012	$	2,182	$	1,089
Weighted average number of basic common shares outstanding (B)		8,847,870		8,700,838		8,849,042		8,669,326
Dilutive effect of stock options  computed based on the treasury stock method		204,844		263,032		199,143		238,447
Weighted average number of diluted common shares outstanding (C)		9,052,714		8,963,870		9,048,185		8,907,773
Basic earnings per common share (A/B)	$	0.16	$	0.12	$	0.25	$	0.13
Diluted earnings per common share (A/C)	$	0.16	$	0.11	$	0.24	$	0.12