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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
A reconciliation of the numerators and denominators of the basic and diluted EPS computations is as follows:
 
Basic Earnings Per share
 
For the Three Months
Ended June 30,
 
For the Six Months
Ended June 30,
(In thousands, except share and per share amounts)
 
2012
 
2011
 
2012
 
2011
Net Income
 
$
1,709

 
$
1,773

 
$
3,422

 
$
3,361

Less: Preferred stock dividends and accretion
 
(87
)
 
(99
)
 
(175
)
 
(198
)
Income available to common shareholders
 
$
1,622

 
$
1,674

 
$
3,247

 
$
3,163

Weighted average shares outstanding
 
9,592,045

 
9,516,110

 
9,581,172

 
9,495,890

Basic earnings per share
 
$
0.17

 
$
0.18

 
$
0.34

 
$
0.33

 
Diluted Earnings Per share
 
For the Three Months
Ended June 30,
 
For the Six Months
Ended June 30,
(In thousands, except share and per share amounts)
 
2012
 
2011
 
2012
 
2011
Net Income
 
$
1,709

 
$
1,773

 
$
3,422

 
$
3,361

Less: Preferred stock dividends and accretion
 
(87
)
 
(99
)
 
(175
)
 
(198
)
Income available to common shareholders
 
$
1,622

 
$
1,674

 
$
3,247

 
$
3,163

Weighted average shares outstanding
 
9,592,045

 
9,516,110

 
9,581,172

 
9,495,890

Effect of dilutive stock options
 
26,931

 
24,505

 
22,884

 
26,774

Weighted average shares of common stock and common stock equivalents
 
9,618,976

 
9,540,615

 
9,604,056

 
9,522,664

Diluted earnings per share
 
$
0.17

 
$
0.18

 
$
0.34

 
$
0.33