EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2011

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE  8 – EARNINGS PER SHARE

A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three months ended June 30, 2011 and 2010 is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Basic earnings per share
Income available to common stockholders	$	724	$	1,914	$	2,089	$	3,895
Weighted average common shares outstanding		7,937		7,937		7,937		7,937
Earnings per share	$	0.09	$	0.24	$	0.26	$	0.49
Diluted earnings per shares
Income available to common stockholders	$	724	$	1,914	$	2,089	$	3,895
Weighted average common shares outstanding		7,937		7,937		7,937		7,937
Add dilutive effects of potential additional common stock		176		261		159		234
Weighted average common and dilutive potential common shares outstanding		8,113		8,198		8,096		8,171
Earnings per share assuming dilution	$	0.09	$	0.23	$	0.26	$	0.48

Stock options for 209,049 and 197,299 shares of common stock were not considered in computing diluted earnings per share for the three months ended June 30, 2011 and 2010 because they were antidilutive.