EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2013

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE  7 – 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 and six months ended June 30, 2013 and 2012 is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Basic earnings per share
Income available to common stockholders	$	2,944	$	1,786	$	5,283	$	4,311
Weighted average common shares outstanding		7,980,923		7,937,143		7,971,859		7,937,143
Earnings per share	$	0.37	$	0.23	$	0.66	$	0.54
Diluted earnings per share
Income available to common stockholders	$	2,944	$	1,786	$	5,283	$	4,311
Weighted average common shares outstanding		7,980,923		7,937,143		7,971,859		7,937,143
Add dilutive effects of potential additional common stock		451,072		202,258		439,194		144,075
Weighted average common and dilutive potential common shares outstanding		8,431,995		8,139,401		8,411,053		8,081,218
Earnings per share assuming dilution	$	0.35	$	0.22	$	0.63	$	0.53

Stock options for 84,100 and 405,349 shares of common stock were not considered in computing diluted earnings per share for the six months ended June 30, 2013 and 2012 because they were antidilutive.  Stock options for 84,100 and 202,449 shares of common stock were not considered in computing diluted earnings per share for the three months ended June 30, 2013 and 2012 because they were antidilutive.