Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2013

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflects the potential dilution of restricted stock and common stock warrants. Net income available to common stockholders represents net income after preferred stock dividends. The following table presents earnings per share for the three month period ended March 31, 2013 and 2012:

	Three Months Ended		Three Months Ended
	March 31, 2013		March 31, 2012

Numerator
Net Income Available to Common Stockholders	$	567	$	189

Denominator
Weighted Average Number of Common Shares		8,439		8,439
Outstanding for Basic Earnings Per Common Share

Dilutive Effect of Potential Common Stock
Restricted Stock		--		--
Stock Warrants		--		--
Weighted-Average Number of Shares Outstanding for
Diluted Earnings Per Common Share		8,439		8,439

Earnings Per Share - Basic	$	0.07	$	0.02

Earnings Per Share - Diluted	$	0.07	$	0.02