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Earnings Per Share and Capital Transactions (Tables)
3 Months Ended
Mar. 31, 2013
Computation of Basic Earnings Per Common Share and Diluted Earnings Per Common Share

The following table sets forth the computation of basic earnings per common share and diluted earnings per common share. Basic earnings per share is computed by dividing net income by the weighted average number of shares outstanding during the applicable period.

 

 

 

 

 

THREE MONTHS ENDED

 

March 31,

 

 

 

2013

2012

 

 

 

Net income (amounts in thousands)             

$              830             

$              1,159             

Weighted average common shares outstanding             

              4,525,830             

              4,525,530             

Basic earnings per share             

$              0.18             

$              0.26             

Diluted earnings per share             

$              0.18             

$              0.26