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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Calculation Of Basic And Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2013

 

 

2012

 

 

2013

 

 

2012

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

    Net (Loss) Income

 

$

(2,222)

 

$

1,782 

 

$

1,290 

 

$

10,422 

    Preferred Stock Dividends

 

 

1,076 

 

 

 -

 

 

1,920 

 

 

 -

    Net (Loss) Income Available to Common Stockholders

 

$

(3,298)

 

$

1,782 

 

$

(630)

 

$

10,422 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

    Weighted Average Shares of Common Stock

 

 

 

 

 

 

 

 

 

 

 

 

    Outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

         Basic

 

 

7,248,350 

 

 

7,203,860 

 

 

7,233,807 

 

 

7,192,818 

         Plus:

 

 

 

 

 

 

 

 

 

 

 

 

              Effect of dilutive restrictive stock

 

 

 -

*

 

17,041 

 

 

 -

*

 

16,068 

         Diluted

 

 

7,248,350 

 

 

7,220,901 

 

 

7,233,807 

 

 

7,208,886 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

    Net Income per share - Basic

 

$

(0.46)

 

$

0.25 

 

$

(0.09)

 

$

1.45 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Net Income per share - Diluted:

 

$

(0.46)

 

$

0.25 

 

$

(0.09)

 

$

1.45 

 

 

 

 

 

 

 

 

 

 

 

 

 

There are 63,161 and 35,695 incremental shares not included due to the fact it would be anti-dilutive for the three months and nine months ended September 30, 2013, respectively.