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Summary Of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Summary Of Significant Accounting Policies [Abstract]  
Earnings Per Common Share



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three months ended

 

Six months ended



 


June 30,

 


June 30,



 

2016

 

2015

 

2016

 

2015



 

(unaudited)

 

(unaudited)

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

422 

 

$

467 

 

$

738 

 

$

718 

Dividends on Series B preferred stock and accretion of discount

 

 

(215)

 

 

(215)

 

 

(429)

 

 

(429)

Net income allocated to common stockholders

 

$

207 

 

$

252 

 

$

309 

 

$

289 



 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding including unvested share-based payment awards

 

 

16,017,997 

 

 

15,823,710 

 

 

16,021,103 

 

 

15,823,710 

Less: Unvested share-based payment awards

 

 

-  

 

 

-  

 

 

-  

 

 

-  

Average shares

 

 

16,017,997 

 

 

15,823,710 

 

 

16,021,103 

 

 

15,823,710 

Basic earnings per common share

 

$

0.01 

 

$

0.02 

 

$

0.02 

 

$

0.02 



 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings allocated to common stockholders

 

$

207 

 

$

252 

 

$

309 

 

$

289 



 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings per common share

 

 

16,017,997 

 

 

15,823,710 

 

 

16,021,103 

 

 

15,823,710 

Add:  Dilutive effects of assumed exercises of stock options

 

 

10,993 

 

 

12,482 

 

 

8,473 

 

 

9,963 

Average shares and dilutive potential common shares

 

 

16,028,990 

 

 

15,836,192 

 

 

16,029,576 

 

 

15,833,673 

Diluted earnings per common share

 

$

0.01 

 

$

0.02 

 

$

0.02 

 

$

0.02 



Anti-Dilutive Common Shares



 

 

 

 

 

 

 



Three months ended June 30,

 

Six months ended  June 30,



2016

 

2015

 

2016

 

2015



(unaudited)

 

(unaudited)

 

(unaudited)

 

(unaudited)

Stock options

384,196 

 

422,609 

 

389,196 

 

439,503 

Series B preferred stock

6,857,143 

 

6,857,143 

 

6,857,143 

 

6,857,143 

Stock warrants

1,152,125 

 

1,152,125 

 

1,152,125 

 

1,152,125