Earnings Per Common Share

3 Months Ended

Mar. 31, 2013

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note 6.    Earnings Per Common Share

A reconciliation of the numerator and denominator used in the earnings per common share calculations is as follows:

	Three Months Ended March 31, 2013
	Income			Shares (In thousands)		Per Share Amount
Basic Earnings Per Common Share:
Net income	$	922			21,182
Less preferred stock dividends		(127	)
Net income applicable to common shareholders		795			21,182	$	.04
Diluted Earnings Per Common Share:
Effect of dilutive stock options					40
Net income applicable to common shareholders	$	795			21,222	$	.04

	Three Months Ended March 31, 2012
	Income			Shares (In thousands)		Per Share Amount
Basic Earnings Per Common Share:
Net income	$	1,657			21,274
Less preferred stock dividends		(127	)
Net income applicable to common shareholders		1,530			21,274	$	.07
Diluted Earnings Per Common Share:
Effect of dilutive stock options					77
Net income applicable to common shareholders	$	1,530			21,351	$	.07

The assumed conversion of the Company's Series D Preferred Stock was excluded from the earnings per common share calculation for all periods presented since its impact would have been antidilutive.