Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note 6. Earnings Per Share

The following table shows the weighted average number of common shares used in computing earnings per share and the effect on the weighted average number of shares of potential dilutive common stock.  Potential dilutive common stock has no effect on income available to common shareholders.

	Three months ended
	June 30, 2012			June 30, 2011
	Weighted Average Shares	Per share Amount		Weighted Average Shares	Per share Amount
Basic earnings per share	7,030,639	$	0.25	6,977,503	$	0.17
Effect of dilutive securities:
stock options and grants	11,473	$	-	2,828	$	-
Diluted earnings per share	7,042,112	$	0.25	6,980,331	$	0.17

	Six months ended
	June 30, 2012			June 30, 2011
	Weighted Average Shares	Per share Amount		Weighted Average Shares	Per share Amount
Basic earnings per share	7,017,629	$	0.48	6,959,286	$	0.35
Effect of dilutive securities:
stock options and grants	7,122	$	-	2,866
Diluted earnings per share	7,024,751	$	0.48	6,962,152	$	0.35

At June 30, 2012 and 2011, stock options, restricted grants and warrants representing approximately 33,000 and 318,000 shares, respectively, were not included in the calculation of earnings per share because they would have been anti-dilutive.