Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings (Loss) Per Common Share

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

	For the three months ended June 30,				For the six months ended June 30,
	2013		2012		2013		2012
	(Dollars in thousands, except per share)
Basic
Net income (loss)	$	(228)	$	1,697	$	(844)	$	1,851
Less: Preferred stock dividends and accretion	(337)		(285)		(652)		(571)
Income (loss) available to common shareholders	$	(565)	$	1,412	$	(1,496)	$	1,280
Weighted average common shares outstanding	1,917,422		1,744,565		1,917,422		1,744,565
Earnings (loss) per common share - basic	$	(0.29)	$	0.81	$	(0.78)	$	0.73
Diluted
Net income (loss)	$	(228)	$	1,697	$	(844)	$	1,851
Less: Preferred stock dividends and accretion	(337)		(285)		(652)		(571)
Income (loss) available to common shareholders	$	(565)	$	1,412	$	(1,496)	$	1,280
Weighted average common shares outstanding	1,917,422		1,744,565		1,917,422		1,744,565
Add: dilutive effects of assumed exercises of stock options	-		-		-		-
Average shares and dilutive potential common shares	1,917,422		1,744,565		1,917,422		1,744,565
Earnings (loss) per common share - diluted	$	(0.29)	$	0.81	$	(0.78)	$	0.73