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Earnings Per Share:
3 Months Ended
Mar. 31, 2012
Earnings Per Share: [Abstract]  
Earnings Per Share:

Earnings Per Share:

The computation of basic and diluted earnings per share is shown in the following table:

 

                 
    Three Months Ended
March 31,
 
(In Thousands, except Share and Per Share Data)   2012     2011  

Basic EPS computation

               

Numerator — Net income

  $ 2,520     $ 1,690  

Denominator — Weighted average shares outstanding

    18,765,814       16,956,808  

Basic earnings per share

  $ .13     $ .10  
   

 

 

   

 

 

 

Diluted EPS computation

               

Numerator — Net income

  $ 2,520     $ 1,690  

Denominator — Weighted average shares outstanding for basic earnings per share

    18,765,814       16,956,808  

Effect of Stock Options

    0       0  
   

 

 

   

 

 

 

Weighted averages shares for diluted earnings per share

    18,765,814       16,956,808  
   

 

 

   

 

 

 

Diluted earnings per share

  $ .13     $ .10  
   

 

 

   

 

 

 

Stock options for 5,000 and 28,500 shares were not considered in the computing of diluted earnings per share for the three months ended March 31, 2012 and 2011, respectively, because they were antidilutive.