Earnings per Common Share

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements [Abstract]

Earnings per Common Share

(2) Earnings per Common Share

Basic earnings per common share has been computed by dividing net income by the weighted average number of common shares outstanding throughout the three and six months ended June 30, 2011 (2,484,955 and 2,484,894, respectively), and the three and six months ended June 30, 2010 (2,484,832 and 2,484,832, respectively).  Diluted earnings per common share for the three and six months ended June 30, 2011 and June 30, 2010, have been computed using 2,536,443 and 2,488,041, respectively, for the three month periods and 2,530,833 and 2,484,832, respectively, for the six month periods.  Diluted earnings per share gives effect to weighted average shares that would be outstanding assuming the exercise of issued stock options and warrants using the treasury stock method.