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Earnings per share | 9 Months Ended
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Sep. 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 averag e com mon shares outstanding for the quarter and nine months ended September 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 September 30, 2011 and 2010, respectively, the Company had n o 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 nine months ended September 30, 2011 and 2010 is presented below.
|  |  |  |  | Quarter ended September 30, |  |  | Nine months ended September 30,
(Dollars in thousands, except share and per share data) |  |  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010
Basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |
| Net earnings |  | $ | 1,367 |  | $ | 1,244 |  | $ | 4,373 |  | $ | 4,468
| Weighted average common shares outstanding |  |  | 3,642,738 |  |  | 3,642,701 |  |  | 3,642,735 |  |  | 3,642,896
|  | Earnings per share |  | $ | 0.38 |  | $ | 0.34 |  | $ | 1.20 |  | $ | 1.23

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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