Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share
3 Months Ended
Mar. 31, 2012
Earnings Per Share Note [Abstract]  
Earnings Per Share
(4) Earnings Per Share

Basic earnings per share ("EPS") have been computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. Shares issued during the period are weighted for the portion of the period that they were outstanding. Our calculation of diluted earnings per common share includes the dilutive effects for the assumed vesting of restricted stock awards.
During the first quarter of 2012, we determined that our restricted stock awards should be included in our diluted weighted average common shares outstanding.   We have corrected the diluted weighted average common shares outstanding as of March 31, 2011 to include the dilutive effect of the restricted stock awards.   The effect of this change was inconsequential to the March 31, 2011 financial statements.

Three Months
ended March 31,
Basic weighted average common shares outstanding
    5,267,098       5,214,334  
Effect of dilutive restricted stock awards
    25,434       27,529  
Diluted weighted average common shares outstanding
    5,292,532       5,241,863