2011
(Restated)

2010

(Dollars in thousands, except share and per share)

Basic

Net earnings (loss)

$

(14,255

)

$

1,915

Less: Preferred stock dividends and accretion

(1,114

)

(1,145

)

Earnings (loss) available to common stockholders

$

(15,369

)

$

770

Weighted average common shares outstanding

1,744,330

1,743,728

Basic earnings (loss) per common share

$

(8.81

)

$

0.44

Diluted

Net earnings (loss)

$

(14,255

)

$

1,915

Less: Preferred stock dividends and accretion

(1,114

)

(1,145

)

Earnings (loss) available to common stockholders

$

(15,369

)

$

770

Weighted average common shares outstanding for basic earnings per common share

1,744,330

1,743,728

Add: dilutive effects of assumed exercises of stock options

—

831

Average shares and dilutive potential common shares

1,744,330

1,744,559

Diluted earnings (loss) per common share

$

(8.81

)

$

0.44