Note 4 - Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Weighted Average Number of Shares [Table Text Block]

Weighted Average Shares Outstanding

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Basic earnings per common share:
Net income	$	118,484		$	892		$	12,751		$	17,405
Portion allocable to common shareholders		99.2	%		99.2	%		99.2	%		99.2	%
Net income allocable to common shareholders		117,536			885			12,649			17,266
Weighted average basic shares outstanding		31,782,786			31,766,753			31,772,136			31,766,753
Basic income per common share	$	-		$	-		$	-		$	-
Dilutive earnings per common share:
Net income allocable to common shareholders		117,536			885			12,649			17,266
Add: undistributed earnings allocated to participating securities		948			7			102			139
Numerator for diluted earnings per common share		118,484			892			12,751			17,405
Weighted average shares outstanding - basic		31,782,786			31,766,753			31,772,136			31,766,753
Diluted effect:
Stock options		-			-			-			-
Conversion equivalent of dilutive Series B Convertible Preferred Stock		3,307,299			3,307,299			3,307,299			3,307,299
Conversion equivalent of dilutive Convertible Preferred Stock		255,000			255,000			255,000			255,000
Weighted average dilutive shares outstanding		35,345,085			35,329,052			35,334,435			35,329,052
Dilutive income per common share	$	-		$	-		$	-		$	-

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

Percentage of Net Earnings Allocable to Common Shareholders Under Two-Class Method

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Numerator:
Weighted average participating common shares		31,782,786			31,766,753			31,772,136			31,766,753
Denominator:
Weighted average participating common shares		31,782,786			31,766,753			31,772,136			31,766,753
Add: Weighted average shares of Convertible Preferred Stock		255,000			255,000			255,000			255,000
Weighted average participating shares		32,037,786			32,021,753			32,027,136			32,021,753
Portion allocable to common shareholders		99.2	%		99.2	%		99.2	%		99.2	%