Earnings Per Common Share

9 Months Ended

Sep. 30, 2012

Earnings Per Common Share [Abstract]

Earnings Per Common Share

6.  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 September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Net earnings available to common shareholders	$	2,249	$	296	$	6,833	$	1,792
Weighted average number of common shares outstanding used in computation of basic earnings per common share		10,478		9,726		10,471		9,723
Effect of dilutive securities:
Stock options		29		11		17		13
Restricted stock		11		3		11		4
Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted earnings per share		10,518		9,740		10,499		9,740

Options to acquire 18,331 shares of common stock were not included in computing diluted earnings per share for the quarter and nine months ended September 30, 2012 and 2011 because the effects of these shares were anti-dilutive as a result of the exercise price of such options. The remaining 104,384 shares subject to the outstanding warrant issued in connection with the Capital Purchase Plan transaction were anti-dilutive as a result of their exercise price and not included in the computation of diluted earnings per share for the quarters ended September 30, 2012 and 2011.