Earnings Per Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Net income (A)	$	1,320	$	1,148	$	3,502	$	2,237
Weighted average number of basic common shares outstanding (B)		8,851,511		8,718,772		8,849,874		8,686,962
Dilutive effect of stock options  computed based on the treasury stock method		189,058		245,197		195,164		235,481
Weighted average number of diluted common shares outstanding (C)		9,040,569		8,963,969		9,045,038		8,922,443
Basic earnings per common share (A/B)	$	0.15	$	0.13	$	0.40	$	0.26
Diluted earnings per common share (A/C)	$	0.15	$	0.13	$	0.39	$	0.25