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

6 Months Ended

Jun. 30, 2014

Earnings (Loss) Per Share of Common Stock

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

	For the three months ended June 30,						For the six months ended June 30,
		2014		2013				2014		2013
		(Dollars in thousands, except per share)
Basic
Net income (loss)		$	59	$	(228	)		$	1,048	$	(844	)
Less: Preferred stock dividends and accretion		-		(337		)		-		(652		)
Income (loss) available to common stockholders		$	59	$	(565	)		$	1,048	$	(1,496	)
Weighted average common shares outstanding		20,243,948		1,917,422				20,234,368		1,917,422
Earnings (loss) per common share - basic		$	0.00	$	(0.29	)		$	0.05	$	(0.78	)
Diluted
Net income (loss)		$	59	$	(228	)		$	1,048	$	(844	)
Less: Preferred stock dividends and accretion		-		(337		)		-		(652		)
Income (loss) available to common stockholders		$	59	$	(565	)		$	1,048	$	(1,496	)
Weighted average common shares outstanding		20,243,948		1,917,422				20,234,368		1,917,422
Add: dilutive effects of assumed exercises of stock options		-		-				-		-
Weighted average common shares - fully dilutive		20,243,948		1,917,422				20,234,368		1,917,422
Earnings (loss) per common share - diluted		$	0.00	$	(0.29	)		$	0.05	$	(0.78	)