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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2012
Earnings Per Common Share [Abstract]  
Earnings Per Common Share
Note 6.
 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
March 31, 2012
 
   
Income
  
Shares
(In thousands)
  
Per Share
Amount
 
Basic Earnings Per Common Share:
         
Net income
 $1,657   21,274    
Less preferred stock dividends
  (127)       
Net income applicable to common shareholders
  1,530   21,274  $.07 
Diluted Earnings Per Common Share:
            
Effect of dilutive stock options
       77     
Net income applicable to common shareholders
 $1,530   21,351  $.07 
 
   
Three Months Ended
March 31, 2011
 
   
Income
  
Shares
(In thousands)
  
Per Share
Amount
 
Basic Earnings Per Common Share:
         
Net income
 $469   22,254    
Less preferred stock dividends
  (127)       
Net income applicable to common shareholders
  342   22,254  $.02 
Diluted Earnings Per Common Share:
            
Effect of dilutive stock options
       177     
Net income applicable to common shareholders
 $342   22,431  $.02 
 
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.