v2.4.0.6
Earnings Per Share
6 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 5 – Earnings Per Share

 

Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period and is equal to net income divided by the weighted average number of shares outstanding during the period.  Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares that may be issued upon the vesting of restricted stock awards.  The following table details the calculation of basic and diluted earnings per share: 

 

  For the Three Months
Ended December 31,
  For the Six Months Ended
December 31,
 
  2012  2011  2012  2011 
             
Basic:                
Net income available to common shareholders $747  $791  $1,362  $1,478 
Weighted average common shares outstanding  2,062,658   2,050,176   2,060,034   2,050,075 
Basic income per share $0.36  $0.39  $0.66  $0.72 
                 
                 
Diluted:                
Net income available to common shareholders $747  $791  $1,362  $1,478 
Weighted average common shares outstanding  2,062,658   2,050,176   2,060,034   2,050,075 
Dilutive effect of restricted stock  530   368   496   308 
Total common shares and dilutive potential common shares  2,063,188   2,050,544   2,060,530   2,050,383 
Dilutive income per share $0.36  $0.39  $0.66  $0.72