Earnings (Loss) Per Common Share

12 Months Ended

Dec. 31, 2014

Earnings (Loss) Per Share of Common Stock

Earnings (Loss) Per Share of Common Stock

Note 18—Earnings (Loss) Per Common Share

The factors used in the earnings (loss) per common share computation follow:

	2014		2013
	(Dollars in thousands, except share and per share)
Basic
Net income (loss)	$	2,529	$	(301	)
Less: Preferred stock dividends and accretion		—		(779	)
Income (loss) available to common stockholders	$	2,529	$	(1,080	)
Weighted average common shares outstanding		22,103,488		8,511,610
Earnings (loss) per common share—basic	$	0.11	$	(0.13	)
Diluted
Net income (loss)	$	2,529	$	(301	)
Less: Preferred stock dividends and accretion		—		(779	)
Income (loss) available to common stockholders	$	2,529	$	(1,080	)
Weighted average common shares outstanding for basic earnings per common share		22,103,488		8,511,610
Add: dilutive effects of assumed exercises of stock options		—		—
Average shares and dilutive potential common shares		22,103,488		8,511,610
Earnings (loss) per common share—diluted	$	0.11	$	(0.13	)

Stock options for 93,750 shares of common stock for the years December 31, 2014 and 2013 were not considered in computing diluted earnings (loss) per common share because they were anti-dilutive.