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

9 Months Ended

Sep. 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 September 30,				For the nine months ended September 30,
	2014		2013		2014		2013
	(Dollars in thousands, except per share)
Basic
Net income (loss)	$	765	$	584	$	1,813	$	(260)
Less: Preferred stock dividends and accretion	-		(127)		-		(779)
Less: Net (income) loss attributable to participating securities	-		(283)		-		465
Income (loss) available to common stockholders	$	765	$	174	$	1,813	$	(574)
Weighted average common shares outstanding	20,247,159		3,755,695		20,238,679		2,536,913
Earnings (loss) per common share - basic	$	0.04	$	0.05	$	0.09	$	(0.23)
Diluted
Net income (loss)	$	765	$	584	$	1,813	$	(260)
Less: Preferred stock dividends and accretion	-		(127)		-		(779)
Less: Net (income) loss attributable to participating securities	-		(283)		-		465
Income (loss) available to common stockholders	$	765	$	174	$	1,813	$	(574)
Weighted average common shares outstanding	20,247,159		3,755,695		20,238,679		2,536,913
Add: dilutive effects of assumed exercises of stock options	-		-		-		-
Weighted average common shares - fully dilutive	20,247,159		3,755,695		20,238,679		2,536,913
Earnings (loss) per common share - diluted	$	0.04	$	0.05	$	0.09	$	(0.23)