Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Numerator
Net Income – Basic:
	$	1,782	$	2,850	$	10,422	$	29,768
Net Income  – Diluted:
	$	1,782	$	2,850	$	10,422	$	29,768
Denominator
Weighted Average Shares of Common Stock Outstanding:
Basic		7,203,860		7,140,752		7,192,818		7,128,810
Plus:
Effect of dilutive restrictive stock		17,041		49,330		16,068		36,488
Diluted		7,220,901		7,190,082		7,208,886		7,165,298
Basic and Diluted Earnings Per Common Share:
Net Income per share - Basic
	$	.25	$	0.40	$	1.45	$	4.18
Net Income per share – Diluted:
	$	.25	$	0.40	$	1.45	$	4.15