Three months ended

Six months ended

June 30,

(dollars in thousands, except per share data – unaudited)

2012

2011

2012

2011

Net income

$

1,918

$

1,226

$

3,098

$

2,511

Weighted average shares outstanding

1,663,410

1,652,652

1,663,093

1,652,063

Effect of dilutive stock options outstanding

23

973

109

1,132

Diluted weighted average shares outstanding

1,663,433

1,653,625

1,663,202

1,653,195

Basic earnings per share

$

1.15

$

0.74

$

1.86

$

1.52

Diluted earnings per share

$

1.15

$

0.74

$

1.86

$

1.51