Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

NOTE C—EARNINGS PER SHARE

Earnings per share were computed as follows:

	(In thousands, except share data)
	Three Months Ended September 30,
	2011						2010
	Net Income		Weighted Average Shares		Per Share Amount		Net Income		Weighted Average Shares		Per Share Amount
Basic Earnings Per Share: Income available to common shareholders	$	298		2,988,952	$	0.10	$	142		2,988,952	$	0.05
Effect of dilutive stock options		—		—				—		—
Diluted Earnings Per Share: Income available to common shareholders	$	298		2,988,952	$	0.10	$	142		2,988,952	$	0.05

	(In thousands, except share data)
	Nine Months Ended September 30,
	2011						2010
	Net Income		Weighted Average Shares		Per Share Amount		Net Income		Weighted Average Shares		Per Share Amount
Basic Earnings Per Share: Income available to common shareholders	$	689		2,988,952	$	0.23	$	451		2,988,952	$	0.15
Effect of dilutive stock options		—		—				—		—
Diluted Earnings Per Share: Income available to common shareholders	$	689		2,988,952	$	0.23	$	451		2,988,952	$	0.15

Options to purchase 167,982 and 169,482 shares of common stock at exercise prices of $9.25 to $15.56 per share were outstanding at September 30, 2011 and 2010, respectively, but were not included in the computation of diluted earnings per share because the options were anti-dilutive, in that the exercise prices of the options exceeded the market value of the Company's stock for the periods presented.