Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 16 – EARNINGS PER SHARE

The factors used in the earnings per share computation follow:

	2012		2011		2010
Basic EPS
Net income	$	9,932	$	9,218	$	8,991
Weighted average shares outstanding		18,791,843		18,271,580		13,563,734
Basic earnings per share	$	.53	$	.50	$	.66
Diluted EPS
Net income	$	9,932	$	9,218	$	8,991
Weighted average shares out-standing for basic earnings per share		18,791,843		18,271,580		13,563,734
Effect of Stock Options		0		0		0
Weighted average shares for diluted earnings per share		18,791,843		18,271,580		13,563,734
Diluted earnings per share	$	.53	$	.50	$	.66

Stock options for 5,000 shares of common stock for 2012 and 2011 and 28,500 shares of common stock for 2010 were not considered in computing diluted earnings per share because they were antidilutive.