Three months ended

Nine months ended

September 30,

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

2012

2011

2012

2011

Net income

$

1,226

$

1,394

$

4,324

$

3,905

Weighted average shares outstanding

1,663,472

1,653,179

1,663,221

1,652,439

Effect of dilutive stock options outstanding

—

768

76

998

Diluted weighted average shares outstanding

1,663,472

1,653,947

1,663,297

1,653,437

Basic earnings per share

$

0.74

$

0.85

$

2.60

$

2.36

Diluted earnings per share

$

0.74

$

0.84

$

2.60

$

2.36