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Earnings Per Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share
                                           
NOTE 18. EARNINGS PER SHARE                                
 
The computations of basic and diluted earnings per share ("EPS") follow:                        
 
                For the Year Ended December 31,                  
          2011           2010             2009      
          Common           Common             Common      
Dollars in thousands,   Income   Shares   Per Income   Shares   Per     Income   Shares   Per  
except per share amounts (Numerator)   (Denominator)   Share (Numerator)   (Denominator) Share     (Numerator) (Denominator)   Share  
Net income   $ 4,074         $ (1,975 )         $ (716 )        
Less preferred stock dividends   (371 )         (297 )           (74 )        
 
Basic EPS   $ 3,703   7,425,472 $ 0.50 $ (2,272 ) 7,425,472 $ (0.31 ) $ (790 ) 7,421,596 $ (0.11 )
 
Effect of dilutive securities:                                        
Stock options   -   -       -   -         -   10,076      
Series 2009 convertible                                        
preferred stock   297   674,545       -   -         -   -      
Series 2011 convertible                                        
preferred stock   74   238,182       -   -         -   -      
 
Diluted EPS   $ 4,074   8,338,199 $ 0.49 $ (2,272 ) 7,425,472 $ (0.31 ) $ (790 ) 7,431,672 $ (0.11 )

 

     Stock option grants and the conversion of convertible preferred stock are disregarded in this computation if they are determined to be anti-dilutive. Our anti-dilutive stock options at December 31, 2011, 2010, and 2009, totaled 312,180 shares, 312,180 shares, and 250,030 shares, respectively. Our anti-dilutive convertible preferred shares totaled 674,545 shares at December 31, 2010 and 2009.