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Earnings Per Common Share
9 Months Ended
Sep. 30, 2011
Earnings Per Common Share [Abstract] 
Earnings Per Common Share
Note 7.  Earnings Per Common Share

A reconciliation of the numerator and denominator used in the earnings per common share calculations is as follows:
 
   
 Three Months Ended
September 30, 2011
 
   
Income
  
Shares
(In thousands)
  
Per Share
Amount
 
Basic Earnings Per Common Share:
         
            
Net income
 $1,704   22,226    
            
Less preferred stock dividends
  (127)       
             
Net income applicable to common shareholders
  1,577   22,226  $.07 
              
Diluted Earnings Per Common Share:
            
             
Effect of dilutive stock options
      146     
             
Net income applicable to common shareholders
 $1,577   22,372  $.07 
 
   
 Three Months Ended
September 30, 2010
 
   
Income
  
Shares
(In thousands)
  
Per Share
Amount
 
Basic Earnings Per Common Share:
         
          
Net income
 $525   22,281    
            
Less preferred stock dividends
  (127)       
            
Net income applicable to common shareholders
  398   22,281  $.02 
              
Diluted Earnings Per Common Share:
            
             
Effect of dilutive stock options
      31     
             
Net income applicable to common shareholders
 $398   22,312  $.02 
 
   
Nine Months Ended
September 30, 2011
 
   
Income
  
Shares
(In thousands)
  
Per Share
Amount
 
Basic Earnings Per Common Share:
         
            
Net income
 $2,365   22,239    
            
Less preferred stock dividends
  (381)       
             
Net income applicable to common shareholders
  1,984   22,239  $.09 
              
Diluted Earnings Per Common Share:
            
             
Effect of dilutive stock options
      157     
             
Net income applicable to common shareholders
 $1,984   22,396  $.09 
 
   
Nine Months Ended
September 30, 2010
 
   
Income
  
Shares
(In thousands)
  
Per Share
Amount
 
Basic Earnings Per Common Share:
         
            
Net income
 $1,018   22,286    
            
Less preferred stock dividends
  (381)       
             
Net income applicable to common shareholders
  637   22,286  $.03 
              
Diluted Earnings Per Common Share:
            
             
Effect of dilutive stock options
      32     
             
Net income applicable to common shareholders
 $637   22,318  $.03 
 
The assumed conversion of the Company's Series D Preferred Stock was excluded from the earnings per common share calculation for all periods presented since its impact would have been antidilutive.