Earnings (loss) per share

6 Months Ended

Jun. 30, 2011

Earnings (loss) per share

Note 2: Earnings (loss) per share

Earnings per share were computed as follows: (Dollars in thousands except per share data)

	Three Months Ended Ended June 30,
	2011							2010
				Weighted-							Weighted-
				Average		Per-Share					Average		Per-Share
	Income			Shares		Amount		Income			Shares		Amount
	(000's)							(000's)
Basic Earnings Per Share
Net income	$	1,681			6,903,151			$	1,775			6,861,589
Dividends and accretion on preferred stock		(451	)						(451	)
Income available to common shareholders	$	1,230			6,903,151	$	0.18	$	1,324			6,861,589	$	0.19
Effect of Dilutive securities
Stock options and RRP grants					102,731							12,137
Diluted Earnings Per Share
Income available to common stockholders and assumed conversions	$	1,230			7,005,882	$	0.18	$	1,324			6,873,726	$	0.19

	Six Months Ended June 30,
	2011							2010
				Weighted-							Weighted-
				Average		Per-Share					Average		Per-Share
	Income			Shares		Amount		Income			Shares		Amount
	(000's)							(000's)
Basic Earnings Per Share
Net income	$	987			6,898,195			$	3,118			6,865,562
Dividends and accretion on preferred stock		(901	)						(902	)
Income available to common shareholders	$	86			6,898,195	$	0.01	$	2,216			6,865,562	$	0.32
Effect of Dilutive securities
Stock options and RRP grants					126,725							7,343
Diluted Earnings Per Share
Income available to common stockholders and assumed conversions	$	86			7,024,920	$	0.01	$	2,216			6,872,905	$	0.32

Options for 434,887 and 565,538 shares and warrants for 625,135 shares, in each period, were not included in the calculation above due to being anti-dilutive to earnings per share as of June 30, 2011 and 2010, respectively.