XML 14 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6

5.PER SHARE INFORMATION

3 Months Ended

Mar. 31, 2012

Earnings Per Share Reconciliation Disclosure

5. PER SHARE INFORMATION

Basic earnings per share (“EPS”) is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive. There are no adjustments to net income necessary in the calculation of basic and diluted earnings per share.

A reconciliation of the shares used in the basic and diluted income per common share computation for the three-months ended March 31, 2012 and 2011 is as follows:

		(Unaudited)
		Three Months Ended
		March 31,
		2012				2011
Weighted average
shares outstanding			7,503,270				7,476,448
Dilutive stock options			-				2,163
Dilutive weighted average
shares outstanding			7,503,270				7,478,611
Anti-dilutive stock options/weighted
average shares outstanding			13,626				146,389

X

- Definition

Disclosure of the methodology and assumptions used in the reconciliation of earnings per share, which may include the individual income and share amount effects of all securities that affect earnings per share, the effect that has been given to preferred dividends in arriving at income available to common stockholders in computing basic earnings per share, securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic EPS in the future that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period(s) presented and a description of any transaction that occurs after the end of the most recent period but before issuance of the financial statements that would have changed materially the number of common shares or potential common shares outstanding at the end of the period if the transaction had occurred before the end of the period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

+ Details

Name:	us-gaap_EarningsPerShareReconciliationDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration