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Earnings Per Share
12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share

15. Earnings per Share

Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect per share amounts that would have resulted if dilutive potential common stock had been converted to common stock in gain periods. The following reconciles amounts reported in the financial statements:

 

     Year Ended December 31,  
     2011      2010  
     Net Income
(In 000's)
     Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
     Net Income
(In 000's)
     Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
 

Basic

   $ 4,811         2,747,732       $ 1.75       $ 2,753         2,929,275       $ 0.94   
        

 

 

          

 

 

 

Effect of dilutive securities:

                 

Options

     —           731,702            —           733,107      
  

 

 

    

 

 

       

 

 

    

 

 

    

Diluted

   $ 4,811         3,479,434       $ 1.38       $ 2,753         3,662,382       $ 0.75