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EXCEL - IDEA: XBRL DOCUMENT - POTOMAC BANCSHARES INCFinancial_Report.xls
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v2.3.0.11
Weighted Average Number of Shares Outstanding and Earnings Per Share
6 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
7. Weighted Average Number of Shares Outstanding and Earnings Per Share
            
 
The following shows the weighted average number of shares used in computing earnings per share and the effect on weighted average number of shares of diluted potential common stock. Potential diluted common stock had no effect on the three months and six months ended June 30, 2011 and June 30, 2010 earnings per share.
 
    Three Months Ended   Three Months Ended
    June 30, 2011   June 30, 2010
        Average Shares       Per Share Amount       Average Shares       Per Share Amount
Basic earnings per share   3 390 178   $ .05   3 390 178   $ .13
Effect of dilutive securities:                    
       Stock options   - -         - -      
Diluted earnings per share   3 390 178   $ .05   3 390 178   $ .13
 
    Six Months Ended   Six Months Ended
    June 30, 2011   June 30, 2010
    Average Shares   Per Share Amount   Average Shares   Per Share Amount
Basic earnings per share   3 390 178   $ .13   3 390 178   $ .25
Effect of dilutive securities:                    
       Stock options   - -         - -      
Diluted earnings per share   3 390 178   $ .13   3 390 178   $ .25
                     
 
For the three months and six months ended June 30, 2011, stock options representing 120,974 average shares, and for the three months and six months ended June 30, 2010, stock options representing 126,224 average shares were not included in the calculation of earnings per share as their effect would have been anti-dilutive.