Earnings Per Common Share

9 Months Ended

Sep. 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:

(000s omitted except share and per share data)	Three Months Ended September 30,					Nine Months Ended September 30,
	2012		2011			2012		2011
Basic
Net (loss) income	$	1,403	$	(699	)	$	811	$	(632	)
Weighted average common shares outstanding		2,425,280		2,349,252			2,406,118		2,326,674
Basic (loss) income per common share	$	0.58	$	(0.30	)	$	0.34	$	(0.27	)
Diluted
Net (loss) income	$	1,403	$	(699	)	$	811	$	(632	)
Weighted average common shares outstanding for basic earnings per common share		2,425,280		2,349,252			2,406,118		2,326,674
Add: Dilutive effects of assumed exercises of stock options		0		0			0		0
Average shares and dilutive potential common shares		2,425,280		2,349,252			2,406,118		2,326,674
Diluted income per common share	$	0.58	$	(0.30	)	$	0.34	$	(0.27	)

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

	Three Months Ended					Nine Months Ended
(000s omitted except share and per share data)	September 30,					September 30,
	2012		2011			2012		2011
Basic
Net loss of continuing operations	$	1,403	$	(699	)	$	811	$	(1,106	)
Weighted average common shares outstanding		2,425,280		2,349,252			2,406,118		2,326,674
Basic loss per common share from continuing operations	$	0.58	$	(0.30	)	$	0.34	$	(0.48	)
Diluted
Net loss of continuing operations	$	1,403	$	(699	)	$	811	$	(1,106	)
Weighted average common shares outstanding for basic earnings per common share		2,425,280		2,349,252			2,406,118		2,326,674
Add: Dilutive effects of assumed exercises of stock options		0		0			0		0
Average shares and dilutive potential common shares		2,425,280		2,349,252			2,406,118		2,326,674
Diluted loss per common share from continuing operations	$	0.58	$	(0.30	)	$	0.34	$	(0.48	)

Stock options of 11,116 and 13,907 shares of common stock outstanding at September 30, 2012 and September 30, 2011, respectively were not considered in computing diluted earnings per common share for 2012 and 2011, because they were anti-dilutive.