Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note 3: Earnings Per Share

Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company, such as the Company's dilutive stock options.

The following is a reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2012 and 2011:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Net income	$	3,105	$	2,773	$	6,268	$	5,642
Weighted average common shares outstanding
Basic		3,891,476		3,852,455		3,885,764		3,841,025
Effect of dilutive employee stock options		27,376		20,953		18,763		25,538
Diluted		3,918,852		3,873,408		3,904,527		3,866,563
Anti-dilutive options excluded from earnings per share calculation		9,000		131,659		14,000		131,659
Per Common Share Data:
Basic earnings per share	$	0.80	$	0.72	$	1.61	$	1.47
Diluted earnings per share	$	0.79	$	0.72	$	1.61	$	1.46