XML 29 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
 3 Months Ended
Mar. 31, 2012
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
 
 
March 31,
2012
 
March 31,
2011
 
             
Net income (A)
$
1,496
 
$
778
 
Weighted average number of basic common shares outstanding (B)
 
8,875,786
   
8,850,228
 
Dilutive effect of stock options and awards computed based on the treasury stock method using average market price
 
189,779
   
193,529
 
Weighted average number of diluted common shares outstanding (C)
 
9,065,565
   
9,043,757
 
Basic earnings per common share (A/B)
$
0.17
 
$
0.09
 
Diluted earnings per common share (A/C)
$
0.17
 
$
0.09