Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Calculation of basic and diluted earnings per share

The calculation of basic and diluted earnings per share is as follows (Amountsin thousands except share data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Numerator
Net Income - Basic:
	$	704	$	2,838	$	8,640	$	26,918
Net Income  - Diluted:
	$	704	$	2,838	$	8,640	$	26,918
Denominator
Weighted Avg Shares of Common Stock Outstanding:
Basic		7,203,860		7,228,252		7,187,236		7,230,530
Plus:
Effect of dilutive restrictive stock		30,645		36,840		15,323		30,068
Diluted		7,234,505		7,265,092		7,202,559		7,260,598
Basic and Diluted Earnings Per Common Share:
Net Income per share - Basic
	$	.10	$	0.39	$	1.20	$	3.72
Net Income per share - Diluted:
	$	.10	$	0.39	$	1.20	$	3.70