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

9 Months Ended

Sep. 30, 2012

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

(In thousands of dollars except per share data)	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Earnings per share
Net income	$	2,715	$	1,630	$	7,536	$	3,473
Preferred stock dividends and accretion of discount		220		420		1,060		1,260
Income available to common shareholders	$	2,495	$	1,210	$	6,476	$	2,213
Weighted average common shares outstanding		7,948		7,857		7,924		7,832
Basic Earnings per Share	$	0.31	$	0.15	$	0.82	$	0.28
Earnings per share assuming dilution
Net income	$	2,715	$	1,630	$	7,536	$	3,473
Preferred stock dividends and accretion of discount		220		420		1,060		1,260
Income available to common shareholders	$	2,495	$	1,210	$	6,476	$	2,213
Weighted average common shares outstanding		7,948		7,857		7,924		7,832
Add dilutive effect of assumed exercises of options		40		2		20		3
Weighted average common and dilutive potential common shares outstanding		7,988		7,859		7,944		7,835
Diluted Earnings per Share	$	0.31	$	0.15	$	0.82	$	0.28