Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings per Common Share [Abstract]

Calculations of Basic and Diluted Earnings Per Share

The following table sets forth the calculation of basic and diluted earnings per share:

	Three months ended				Nine months ended
	September 30,				September 30,
(In thousands, except per share data)	2013		2012		2013		2012
Basic Earnings Per Common Share
Net income available to common shareholders	$	528	$	557	$	1,856	$	1,552
Weighted average common shares outstanding		2,518		2,505		2,515		2,503
Basic earnings per common share	$	0.21	$	0.22	$	0.74	$	0.62
Diluted Earnings Per Common Share
Net income available to common shareholders	$	528	$	557	$	1,856	$	1,552
Weighted average common shares outstanding		2,518		2,505		2,515		2,503
Effect of assumed exercise of stock options		21		12		13		6
Effect of assumed exercise of stock warrants		-		-		-		4
Diluted weighted average common shares outstanding		2,539		2,517		2,528		2,513
Diluted earnings per common share	$	0.20	$	0.22	$	0.73	$	0.62