XML 31 R16.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Earnings Per Common Share
 6 Months Ended
Jun. 30, 2011
Earnings Per Common Share  
Earnings Per Common Share

Note 9. Earnings per Common Share

Basic earnings per common share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. There are no potential common shares that would have a dilutive effect. Shares not committed to be released under the Company's leveraged ESOP are not considered to be outstanding. See Note 11 of the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2010 for additional information about the Company's leveraged ESOP. The average number of common shares outstanding used to calculate basic and diluted earnings per common share were 2,952,818 and 2,937,480 for the three months ended June 30, 2011 and 2010, respectively, and 2,951,002 and 2,935,192 for the six months ended June 30, 2011 and 2010, respectively.