Earnings Per Common Share

3 Months Ended

Mar. 31, 2012

Earnings Per Common Share [Abstract]

Earnings Per Common Share

5.  Earnings Per Common Share

Following is a summary of the information used in the computation of earnings per common share (in thousands):

	Three Months Ended March 31,
	2012		2011
Net earnings available to common shareholders	$	2,486	$	442
Weighted average number of common shares outstanding used in computation of basic earnings per common share		10,465		9,720
Effect of dilutive securities:
Stock options		8		14
Restricted Stock		7		2
Weighted average number of common shares outstanding plus effect of dilutive securities - used in computation of diluted earnings per share		10,480		9,736

Options to acquire 18,331 and 19,233 shares of common stock were not included in computing diluted earnings per share for the quarter ended March 31, 2012 and 2011, respectively, because the effect of these shares was anti-dilutive.  The remaining 104,384 shares subject to the outstanding warrant issued in connection with the Capital Purchase Plan transaction were anti-dilutive and not included in the computation of diluted earnings per share for the quarters ended March 31, 2012 and 2011.