Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note 13 – Earnings per share

Basic EPS excludes dilution and is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period.  Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of common stock that then shared in the earnings of the entity. 

The basic and diluted earnings per share calculations are as follows:

	2012	2011
Numerator:
Net income available to stockholders	$ 2,132	$ 600
Basic EPS weighted average shares outstanding	3,343,210	3,324,915
Effect of dilutive securities:
Incremental shares attributable to Stock Option Plan	297	-
Diluted EPS weighted-average shares outstanding	3,343,507	3,324,915
Basic earnings (loss) per share	$ 0.64	$ 0.18
Diluted earnings (loss) per share	$ 0.64	$ 0.18

In 2011, all216,886 option shares were excluded from the 2011 earnings per share calculation because their effects were anti-dilutive.  In 2012,  175,069 option shares were excluded from the 2012 earnings per share calculation because their effects were ant-dilutive.