Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

20. Earnings Per Share

The factors used in the Corporation’s earnings per share computation follow:

(Dollar amounts in thousands, except for per share amounts)	For the year ended
	December 31,
	2012		2011
Earnings per common share – basic
Net income	$	3,654	$	3,833
Less:  Preferred stock dividends and discount accretion		493		517
Net income available to common stockholders	$	3,161	$	3,316
Average common shares outstanding		1,752,324		1,677,225
Basic earnings per common share	$	1.80	$	1.98
Earnings per common share - diluted
Net income available to common stockholders	$	3,161	$	3,316
Average common shares outstanding		1,752,324		1,677,225
Add: Dilutive effects of assumed exercises of restricted stock and stock options		-		-
Average shares and dilutive potential common shares		1,752,324		1,677,225
Diluted earnings per common share	$	1.80	$	1.98
Stock options and restricted stock awards not considered in computing diluted earnings per share because they were antidilutive		86,950		116,500