Earnings Per Common Share

3 Months Ended

Mar. 31, 2013

Earnings Per Common Share [Abstract]

Earnings Per Common Share

9.  Earnings Per Common Share

Basic net income per common share is based upon the weighted average number of common shares outstanding. Diluted net income per common share is based upon the weighted average number of common shares outstanding, including the dilutive effect of restricted stock, using the if-converted methods. The following table shows a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share.

	March 31,
	2013		2012
Numerators
Net income	$	1,837	$	4,792
Denominators
Weighted average common shares - basic		12,582,207		11,618,008
Dilutive effect of restricted stock		111,450		165,233
Weighted average common shares - diluted		12,693,657		11,783,241
Basic earnings per share	$	0.15	$	0.41
Diluted earnings per share	$	0.14	$	0.41