Net Income Per Common Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NET INCOME PER COMMON SHARE

Basic earnings per common share exclude all dilutive stock options and are computed using the weighted average number of common shares outstanding during the period. The diluted earnings per common share calculation reflect the potential dilutive effect of securities that could share in earnings of an entity.  Outstanding options were excluded from the diluted earnings (loss) per share calculation because they would have an anti-dilutive effect were 254,166 for the three and six months ended June 30, 2012 and 2011, respectively.

	Three Months Ended June 30,
	2012		2011
Basic earnings .per share
Income available to common shareholders	$	423,537	$	254,544
Weighted average shares outstanding	4,826,182		4,796,649
Basic earnings per share	$	0.09	$	0.05
Diluted earnings per share
Income available to common shareholders	$	423,537	$	254,544
Weighted average shares outstanding	4,826,182		4,796,649
Dilutive effect of stock options	24,387		88,120
Total weighted average shares outstanding	4,850,569		4,884,769
Diluted earnings per share	$	0.09	$	0.05

	Six Months Ended June 30,
	2012		2011
Basic earnings per share
Income available to common shareholder	$	296,162	$	442,436
Weighted average shares outstanding	4,826,182		4,750,674
Basic earnings per share	$	0.06	$	0.09
Diluted earnings per share
Income available to common shareholder	$	296,162	$	442,436
Weighted average shares outstanding	4,826,182		4,750,674
Dilutive effect of stock options	37,026		88,836
Total weighted average shares outstanding	4,863,208		4,839,510
Diluted earnings per share	$	0.06	$	0.09