Per Share Data

6 Months Ended

Jun. 30, 2012

Per Share Data [Abstract]

Per Share Data

Note 3 – Per Share Data

Basic and diluted net income per common share is computed based on the weighted average number of shares outstanding during each period after retroactively adjusting for stock dividends. Diluted net income per common 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 net income of the Company. For the six months ended June 30, 2012, the Company’s 122,341 stock options outstanding did not have a dilutive effect on per share results because the exercise prices exceeded the share values for each period. The Company had 123,570 stock options outstanding at June 30, 2011 and they did not have a dilutive effect.

Basic and diluted net income per common share have been computed based upon net income available to common shareholders as presented in the accompanying consolidated statements of operations divided by the weighted average number of common shares outstanding or assumed to be outstanding. The computation of basic and dilutive earnings per share is summarized below:

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Weighted average number of common shares outstanding		7,568,978			7,593,929			7,568,978			7,593,929
Effect of ESOP shares		(162,696	)		(119,751	)		(150,282	)		(117,736	)
Adjusted weighted average number of common shares used in computing basic net income per common share		7,406,282			7,474,178			7,418,696			7,476,193
Effect of dilutive stock options		—			—			—			—
Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share		7,406,282			7,474,178			7,418,696			7,476,193