Earnings (Loss) Per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2013

Earnings (Loss) Per Share of Common Stock

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

	For the three months ended September 30,						For the nine months ended September 30,
	2013			2012			2013			2012
	(Dollars in thousands, except per share)
Basic
Net income (loss)	$	584		$	(613	)	$	(260	)	$	1,238
Less: Preferred stock dividends and accretion	(127		)	(287		)	(779		)	(858		)
Less: Net income (loss) attributable to participating securities	(283		)	-			465			-
Income (loss) available to common stockholders	$	174		$	(900	)	$	(574	)	$	380
Weighted average common shares outstanding	3,755,695			1,858,697			2,536,913			1,782,887
Earnings (loss) per common share - basic	$	0.05		$	(0.48	)	$	(0.23	)	$	0.21
Diluted
Net income (loss)	$	584		$	(613	)	$	(260	)	$	1,238
Less: Preferred stock dividends and accretion	(127		)	(287		)	(779		)	(858		)
Less: Net income (loss) attributable to participating securities	(283		)	-			465			-
Income (loss) available to common stockholders	$	174		$	(900	)	$	(574	)	$	380
Weighted average common shares outstanding	3,755,695			1,858,697			2,536,913			1,782,887
Add: dilutive effects of assumed exercises of stock options	-			-			-			-
Weighted average common shares - fully diluted	3,755,695			1,858,697			2,536,913			1,782,887
Earnings (loss) per common share - diluted	$	0.05		$	(0.48	)	$	(0.23	)	$	0.21