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Earnings Per Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

Note 3 – Earnings Per Share

Currently, only the option shares granted to certain officers and other employees of Financial pursuant to the Amended and Restated Stock Option Plan of 1999 Financial (the "1999 Plan") are considered dilutive. The following is a summary of the earnings per share calculation for the three and six months ended June 30, 2012 and 2011.

  Three months ended
June 30,		 Year to date,
June 30
  2012 2011 2012 2011
Net income $ 486,000 $ 319,000 $ 846,000 $ 754,000

Weighted average number of shares		   3,342,415   3,323,743   3,342,415   3,323,743
Options effect of incremental shares   835   7,683   418   10,021

Weighted average diluted shares		   3,343,250   3,331,426   3,342,833   3,333,764

Basic EPS (weighted avg shares)		  $ 0.15  $ 0.10 $ 0.25  $ 0.23

Diluted EPS (Including Option Shares)		 $ 0.15  $ 0.10 $ 0.25  $ 0.23

 

The following table sets forth the incremental shares associated with option shares that were not included in calculating the diluted earnings because their effect was anti-dilutive:

  Three months ended
June 30,		 Year to date
June 30,
 
  2012 2011 2012 2011
Incremental shares excluded from        
calculating diluted EPS because their        
effect was anti-dilutive 175,847 248,239 216,492 207,305