Note 24 - Basic And Diluted Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Text Block]

NOTE 24 – BASIC AND DILUTED EARNINGS PER SHARE

(In Thousands, Except per Share Data)	Year Ended December 31
	2012		2011		2010
Basic earnings per common share
Net income available to common shareholders	$	9,259	$	3,944	$	2,084
Weighted average common shares outstanding		7,933		7,843		7,766
Basic earnings per common share	$	1.17	$	0.50	$	0.27
Diluted Earnings per Share
Net income available to common shareholders	$	9,259	$	3,944	$	2,084
Weighted average common shares outstanding		7,933		7,843		7,766
Add dilutive effects of assumed exercises of options		24		2		2
Weighted average common and dilutive potential
Common shares outstanding		7,957		7,845		7,768
Diluted earnings per common share	$	1.16	$	0.50	$	0.27

Stock options for 219,223 shares of common stock were not considered in computing diluted earnings per share for 2012, because they were anti-dilutive. Stock options and warrants for 975,845 and 1,033,692 shares of common stock were not considered in computing diluted earnings per share for 2011 and 2010, respectively, because they were anti-dilutive.