Three Months Ended September 30,

Nine Months Ended September 30,

2012

2011

2012

2011

(Dollars in thousands, except per share)

Basic

Net earnings (loss)

$

(613

)

$

(7,534

)

$

1,238

$

(9,385

)

Less: Preferred stock dividends and accretion

(287

)

(264

)

(858

)

(830

)

Earnings (loss) available to common shareholders

$

(900

)

$

(7,798

)

$

380

$

(10,215

)

Weighted average common shares outstanding

1,858,697

1,744,565

1,782,887

1,744,251

Basic earnings (loss) per common share

$

(0.48

)

$

(4.47

)

$

0.21

$

(5.86

)

Diluted

Net earnings (loss)

$

(613

)

$

(7,534

)

$

1,238

$

(9,385

)

Less: Preferred stock dividends and accretion

(287

)

(264

)

(858

)

(830

)

Earnings (loss) available to common shareholders

$

(900

)

$

(7,798

)

$

380

$

(10,215

)

Weighted average common shares outstanding

1,858,697

1,744,565

1,782,887

1,744,251

Add: dilutive effects of assumed exercises of stock options

N/A

Average shares and dilutive potential common shares

1,858,697

1,744,565

1,782,887

1,744,251

Diluted earnings (loss) per common share

$

(0.48

)

$

(4.47

)

$

0.21

$

(5.86

)