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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Common Share [Abstract]  
EARNINGS PER COMMON SHARE

NOTE 6 – EARNINGS PER COMMON SHARE

The factors in the earnings per share computation follow:

 

                                 
    Three Months Ended     Six Months Ended  
(000s omitted except share and per share data)   June 30,     June 30,  
  2012     2011     2012     2011  

Basic

                                

Net income (loss)

   $ 144     $ (245 )    $ (595 )    $ 65  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average common shares outstanding

     2,403,971       2,320,920       2,396,432       2,315,446  
   

 

 

    

 

 

    

 

 

    

 

 

  

Basic income (loss) per common share

   $ 0.06     $ (0.11 )    $ (0.25 )    $ 0.03  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted

                                

Net income (loss)

   $ 144     $ (245 )    $ (595 )    $ 65  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average common shares outstanding for basic earnings per common share

     2,403,971       2,320,920       2,396,432       2,315,446  

Add: Dilutive effects of assumed exercises of stock options

     0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

  

Average shares and dilutive potential common shares

     2,403,971       2,320,920       2,396,432       2,315,446  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted income per common share

   $ 0.06     $ (0.11 )    $ (0.25 )    $ 0.03  
   

 

 

    

 

 

    

 

 

    

 

 

  

The factors in the earnings per share of continuing operations follow:

 

                                 
    Three Months Ended     Six Months Ended  
(000s omitted except share and per share data)   June 30,     June 30,  
  2012     2011     2012     2011  

Basic

                                

Net loss of continuing operations

   $ 144     $ (277 )    $ (595 )    $ (409 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average common shares outstanding

     2,403,971       2,320,920       2,396,432       2,315,446  
   

 

 

    

 

 

    

 

 

    

 

 

  

Basic income (loss) per common share from continuing operations

   $ 0.06     $ (0.12 )    $ (0.25 )    $ (0.18 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted

                                

Net income (loss) of continuing operations

   $ 144     $ (277 )    $ (595 )    $ (409 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average common shares outstanding for basic earnings per common share

     2,403,971       2,320,920       2,396,432       2,315,446  

Add: Dilutive effects of assumed exercises of stock options

     0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

  

Average shares and dilutive potential

     2,403,971       2,320,920       2,396,432       2,315,446  
   

 

 

    

 

 

    

 

 

    

 

 

  

common shares

                                

Diluted loss per common share from continuing operations

   $ 0.06     $ (0.12 )    $ (0.25 )    $ (0.18 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Stock options of 11,116 and 16,634 shares of common stock outstanding at June 30, 2012 and June 30, 2011, respectively were not considered in computing diluted earnings per common share for 2012 and 2011, because they were anti-dilutive or out of the money.