EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2012

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE  8 - EARNINGS PER SHARE

A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three and six months ended June 30, 2012 and 2011 is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Basic earnings per share
Income available to common stockholders	$	1,786	$	724	$	4,311	$	2,089
Weighted average common shares outstanding		7,937,143		7,937,143		7,937,143		7,937,143
Earnings per share	$	0.23	$	0.09	$	0.54	$	0.26
Diluted earnings per share
Income available to common stockholders	$	1,786	$	724	$	4,311	$	2,089
Weighted average common shares outstanding		7,937,143		7,937,143		7,937,143		7,937,143
Add dilutive effects of potential additional common stock		202,258		176,092		144,075		158,482
Weighted average common and dilutive potential common shares outstanding		8,139,401		8,113,235		8,081,218		8,095,625
Earnings per share assuming dilution	$	0.22	$	0.09	$	0.53	$	0.26

Stock options for 405,349 and 209,049 shares of common stock were not considered in computing diluted earnings per share for the six months ended June 30, 2012 and 2011 because they were antidilutive.  Stock options for 202,449 and 209,049 shares of common stock were not considered in computing diluted earnings per share for the three months ended June 30, 2012 and 2011 because they were antidilutive.