EARNINGS PER SHARE

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Weighted average shares outstanding for basic earnings per common share		16,340,425		16,208,889		16,312,896		16,201,900
Dilutive effect of stock options, awards and warrants		149,965		115,169		157,589		107,914
Weighted average shares outstanding for diluted earnings per common share		16,490,390		16,324,058		16,470,485		16,309,814
Basic earnings per common share	$	0.57	$	0.52	$	1.64	$	1.38
Diluted earnings per common share	$	0.57	$	0.52	$	1.63	$	1.37

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