Loss Per Common Share (Tables)

12 Months Ended

Dec. 31, 2013

Loss Per Common Share

Schedule of basic and diluted earnings (loss) per share of common stock

	2013			2012
	(Dollars in thousands, except share and per share)
Basic
Net income (loss)	$	(301	)	$	588
Less: Preferred stock dividends and accretion		(779	)		(1,281	)
Loss allocable to common stockholders	$	(1,080	)	$	(693	)
Weighted average common shares outstanding		8,511,610			1,807,911
Loss per common share – basic	$	(0.13	)	$	(0.38	)
Diluted
Net income (loss)	$	(301	)	$	588
Less: Preferred stock dividends and accretion		(779	)		(1,281	)
Loss allocable to common stockholders	$	(1,080	)	$	(693	)
Weighted average common shares outstanding for basic earnings per common share		8,511,610			1,807,911
Add: dilutive effects of assumed exercises of stock options		-			-
Average shares and dilutive potential common shares		8,511,610			1,807,911
Loss per common share – diluted	$	(0.13	)	$	(0.38	)