v2.3.0.9
Earnings Per Common Share for the Three-Month Periods
9 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Common Share For Three-Month Periods [Text Block]
10. Earnings Per Common Share for the Three-Month Periods

 

Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share gives effect to the increase in the average shares outstanding resulting from the effect of the incentive plan shares. The components of basic and diluted earnings per share for the three months ended December 31, 2011 and 2010 were computed as follows (dollar amounts in thousands except share data):

 

          Weighted        
          Average     Per Share  
          Shares     Amount  
                   
For the Three-Months Ended December 31, 2011:                        
                         
Basic Earnings per Common Share:                        
Income available to common stockholders   $ 563       410,788     $ 1.37  
                         
Effect of Dilutive Securities:                        
Incentive plan shares             16,296          
                         
Diluted Earnings per Common Share:                        
Income available to common stockholders   $ 563       427,084     $ 1.32  
                         
For the Three-Months Ended December 31, 2010:                        
                         
Basic Earnings per Common Share:                        
Income available to common stockholders   $ 523       412,263     $ 1.27  
                         
Effect of Dilutive Securities:                        
Incentive plan shares             16,280          
                         
Diluted Earnings per Common Share:                        
Income available for common stockholders   $ 523       428,543     $ 1.22