EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2012

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE 2. EARNINGS PER SHARE

Basic earnings per common share is net income available to common shareholders divided by the weighted average number of common shares outstanding during the period.  Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock options, stock awards and warrants.

	Three Months Ended June 30,		Six Months Ended June 30,
	2012	2011	2012	2011
Weighted average shares outstanding for basic earnings per common share	16,324,928	16,201,311	16,298,981	16,198,348
Dilutive effect of stock options, awards and warrants	128,633	98,918	151,851	98,336
Weighted average shares outstanding for diluted earnings per common share	16,453,561	16,300,229	16,450,832	16,296,684
Basic earnings per common share	$              0.54	$              0.49	$              1.07	$              0.86
Diluted earnings per common share	$              0.54	$              0.49	$              1.06	$              0.86

Stock options for 0 and 70,000 shares for both the three-month and six-month periods ended June 30, 2012 and 2011, respectively, were not considered in computing diluted earnings per common share because they were antidilutive.