Note 6 - Basic And Diluted Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

(Dollars in Thousands Except per Share Data)	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Earnings per share
Net income	$	2,404	$	628	$	4,821	$	1,843
Preferred stock dividends and accretion of discount		420		420		840		840
Income available to common shareholders	$	1,984	$	208	$	3,981	$	1,003
Weighted average common shares outstanding		7,928,000		7,833,000		7,912,000		7,820,000
Basic Earnings per Share	$	0.25	$	0.03	$	0.50	$	0.13
Earnings per share assuming dilution
Net income	$	2,404	$	628	$	4,821	$	1,843
Preferred stock dividends and accretion of discount		420		420		840		840
Income available to common shareholders	$	1,984	$	208	$	3,981	$	1,003
Weighted average common shares outstanding		7,928,000		7,833,000		7,912,000		7,820,000
Add dilutive effect of assumed exercises of options		67,000		2,000		15,000		2,000
Weighted average common and dilutive potential common shares outstanding		7,995,000		7,835,000		7,927,000		7,822,000
Diluted Earnings per Share	$	0.25	$	0.03	$	0.50	$	0.13