Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 15 – Earnings Per Common Share

The following shows the weighted average number of shares used in computing earnings per common share and the effect on weighted average number of shares of potentially dilutive common stock.  Potentially dilutive common stock had no effect on income available to common shareholders.

	Years Ended December 31,
	2011				2010				2009
	Shares		Per Share Amount		Shares		Per Share Amount		Shares		Per Share Amount
Basic earnings per share		6,982,524	$	1.64		6,123,870	$	1.35		6,097,810	$	1.12
Effect of dilutive securities  -    stock options		7,353		-		7,780		-		5,085		-
Diluted earnings per share		6,989,877	$	1.64		6,131,650	$	1.35		6,102,895	$	1.12

Outstanding stock options on common stock which were not included in computing diluted earnings per share in 2011, 2010, and 2009 because their effects were antidilutive, averaged 145,986 shares, 85,993 shares, and 102,669 shares, respectively.