Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Basic and Diluted Earnings Per Share

Basic and diluted earnings per share are calculated as follows:

	Three Months Ended September 30,				Nine Months Ended September 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		7,882,439		7,937,781		7,879,575
Dilutive effect of incentive stock options and warrants		4,764		—		4,209		—
Weighted average shares outstanding used in Diluted Earnings Per Common Share		7,949,118		7,882,439		7,941,990		7,879,575
Net Income	$	1,525	$	1,672	$	4,468	$	3,514
Dividends and accretion on preferred stock		319		319		956		956
Income Available to Common Shareholders	$	1,206	$	1,353	$	3,512	$	2,558
Basic Earnings Per Common Share	$	0.15	$	0.17	$	0.44	$	0.32
Diluted Earnings Per Common Share	$	0.15	$	0.17	$	0.44	$	0.32