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Stockholders' Equity and Earnings per Common Share
 12 Months Ended
Dec. 31, 2012
Stockholders' Equity and Earnings Per Common Share [Abstract]  
Stockholders' Equity and Earnings Per Common Share
NOTE 10, Stockholders' Equity and Earnings per Common Share

OTHER COMPREHENSIVE INCOME
The following table presents the changes in accumulated other comprehensive income, by category, net of tax:


 
Unrealized Gains (Losses) on Securities
 
 
Defined Benefit Pension Plans
 
 
Accumulated Other Comprehensive Income (Loss)
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2010
 
$
(926
)
 
$
(1,643
)
 
$
(2,569
)
Net change for the year ended December 31, 2011
 
 
2,452
 
 
 
(232
)
 
 
2,220
 
Balance at December 31, 2011
 
 
1,526
 
 
 
(1,875
)
 
 
(349
)
 
 
 
 
 
 
 
 
 
 
 
 
Net change for the year ended December 31, 2012
 
 
466
 
 
 
(309
)
 
 
157
 
Balance at December 31, 2012
 
$
1,992
 
 
$
(2,184
)
 
$
(192
)


EARNINGS PER COMMON SHARE
Earnings per common share has been computed based on the following:


 
Years Ended December 31,
 
 
2012
 
 
2011
 
 
(in thousands)
 
Net Income applicable to common stock
 
$
4,187
 
 
$
3,290
 
 
 
 
 
 
 
 
 
Average number of common shares outstanding
 
 
4,959
 
 
 
4,952
 
Effect of dilutive options
 
 
0
 
 
 
0
 
Average number of common shares outstanding used to
 
 
 
 
 
 
 
 
calculate diluted earnings per common share
 
$
4,959
 
 
$
4,952
 


The Company did not include an average of 161 thousand and 191 thousand potential common shares attributable to outstanding stock options in the diluted earnings per share calculation for 2012 and 2011, respectively, because they were antidilutive.