Note 19 – Loss Per
Common Share
The factors used in the
loss per common share computation follow:
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| |
|
2012 |
|
|
2011 |
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| |
|
| Basic |
|
(Dollars in
thousands,
except share
and per share)
|
|
|
Net income
(loss)
|
|
$ |
588 |
|
|
$ |
(14,255 |
) |
|
Less: Preferred stock
dividends and accretion
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|
|
(1,281 |
) |
|
|
(1,114 |
) |
|
|
|
|
|
|
|
|
|
|
Loss available to common
shareholders
|
|
$ |
(693 |
) |
|
$ |
(15,369 |
) |
|
|
|
|
|
|
|
|
|
|
Weighted average common
shares outstanding
|
|
|
1,807,911 |
|
|
|
1,744,330 |
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|
|
|
|
|
|
|
|
|
|
Loss per common share -
basic
|
|
$ |
(0.38 |
) |
|
$ |
(8.81 |
) |
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|
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|
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Diluted
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
|
$ |
588 |
|
|
$ |
(14,255 |
) |
|
Less: Preferred stock
dividends and accretion
|
|
|
(1,281 |
) |
|
|
(1,114 |
) |
|
|
|
|
|
|
|
|
|
|
Loss available to common
shareholders
|
|
$ |
(693 |
) |
|
$ |
(15,369 |
) |
|
|
|
|
|
|
|
|
|
|
Weighted average common
shares outstanding for basic earnings per common share
|
|
|
1,807,911 |
|
|
|
1,744,330 |
|
|
Add: dilutive effects of
assumed exercises of stock options
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
Average shares and dilutive
potential common shares
|
|
|
1,807,911 |
|
|
|
1,744,330 |
|
|
|
|
|
|
|
|
|
|
|
Loss per common share -
diluted
|
|
$ |
(0.38 |
) |
|
$ |
(8.81 |
) |
|
|
|
|
|
|
|
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|
Stock options for 175,178
shares and 227,075 shares of common stock were not considered in
computing diluted earnings per common share for 2012 and 2011,
respectively, because they were anti-dilutive.
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