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Earnings Per Share
6 Months Ended
Jun. 30, 2011
Earnings Per Share  
Earnings Per Share

Note 5: Earnings per share

The following table shows the weighted average number of shares used in computing earnings per share and the effect on the weighted average number of shares of dilutive potential common stock.

 

     Three Months Ended      Six Months Ended  
     June 30, 2011      June 30, 2010 (1)      June 30, 2011      June 30, 2010 (1)  
(Unaudited)    Average
Shares
     Per share
Amount
     Average
Shares
     Per share
Amount
     Average
Shares
     Per share
Amount
     Average
Shares
     Per share
Amount
 

Basic earnings per share

     2,605,856       $ 0.03         2,605,856       $ 0.05         2,605,856       $ 0.08         2,605,856       $ 0.11   
     

 

 

       

 

 

       

 

 

       

 

 

 

Effect of dilutive securities:

                       

Stock options

     —              —              —              —        
  

 

 

       

 

 

       

 

 

       

 

 

    

Diluted earnings per share

     2,605,856       $ 0.03         2,605,856       $ 0.05         2,605,856       $ 0.08         2,605,856       $ 0.11   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Adjusted for a 1-for-25 stock dividend on August 27, 2010.

As of June 30, 2011 and 2010, options on 206,388 and 212,629 shares, respectively, were not included in computing diluted earnings per share, because their effects were anti-dilutive.