EARNINGS APPLICABLE TO COMMON STOCKHOLDERS

3 Months Ended

Mar. 31, 2012

EARNINGS APPLICABLE TO COMMON STOCKHOLDERS

NOTE E — EARNINGS APPLICABLE TO COMMON STOCKHOLDERS

Basic per share data is calculated based on the weighted-average number of common shares outstanding during the reporting period. Diluted per share data includes any dilution from potential common stock outstanding, such as stock options.

	For the Three Months Ended March 31, 2012
	Net Income (Numerator)		Shares (Denominator)		Per Share Data
Basic per share	$	865,000		3,079,337	$	.28
Effect of dilutive shares:
Restricted stock grants				16,591
Diluted per share	$	865,000		3,095,928	$	.28

	For the Three Months Ended March 31, 2011
	Net Income (Numerator)		Shares (Denominator)		Per Share Data
Basic per share	$	415,000		3,054,789	$	.14
Effect of dilutive shares:
Restricted stock grants				5,271
Diluted per share	$	415,000		3,060,060	$	.14

The Company granted 42,795 shares of restricted stock in the first quarter of 2012 and 33,850 shares of restricted stock in the first quarter of 2011.