Three Months Ended June 30,

Six Months Ended June 30,

2012

2011

2012

2011

(Dollars in thousands except per share amounts)

Weighted average shares outstanding used in Basic Earnings per Common Share

7,944,354

7,884,749

7,934,458

7,878,119

Dilutive effect of incentive stock options and warrants

6,174

185

3,925

105

Weighted average shares outstanding used in Diluted Earnings Per Common Share

7,950,528

7,884,934

7,938,383

7,878,224

Net Income

$

1,438

$

712

$

2,943

$

1,842

Dividends and accretion on preferred stock

318

318

637

637

Income Available to Common Shareholders

$

1,120

$

394

$

2,306

$

1,205

Basic Earnings Per Common Share

$

0.14

$

0.05

$

0.29

$

0.15

Diluted Earnings Per Common Share

$

0.14

$

0.05

$

0.29

$

0.15