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Earnings per share

6 Months Ended

Jun. 30, 2011

Earnings Per Share Abstract

Earnings Per Share Text Block

NOTE 2: BASIC AND DILUTED EARNINGS PER SHARE

Basic net earnings per share is computed by dividing net earnings by the weighted average common shares outstanding for the quarter and six months ended June 30, 2011 and 2010, respectively. Diluted net earnings per share reflect the potential dilution that could occur if the Company's potential common stock was issued. At June 30, 2011 and 2010, respectively, the Company had no options issued or outstanding, and therefore, no dilutive effect to consider for the diluted earnings per share calculation.

A reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for the quarter and six months ended June 30, 2011 and 2010 is presented below.

					Quarter ended June 30,						Six months ended June 30,
(Dollars in thousands, except share and per share data)					2011			2010			2011			2010
Basic and diluted:
	Net earnings			$	1,457		$	1,607		$	3,006		$	3,224
	Weighted average common shares outstanding				3,642,738			3,642,877			3,642,733			3,642,996
		Earnings per share		$	0.40		$	0.44		$	0.83		$	0.88

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- Definition

This element may be used to capture the complete disclosure pertaining to an entity's earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40

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