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Earnings Per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

 

Note 16.  Earnings Per Share

We compute basic earnings per share based on the weighted average number of common shares outstanding during the relevant periods.  Diluted earnings per share also reflect dilutive potential common shares, including shares issuable under restricted stock units using the treasury stock method.  The calculation of basic and diluted earnings per share is as follows (Amounts in thousands except share data):

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2014

 

 

2013

Numerator

 

 

 

 

 

 

    Net (Loss) Income

 

$
(3,217)

 

$
1,653 

    Preferred Stock Dividends

 

 
1,305 

 

 
251 

    Net (Loss) Income Available to Common Stockholders

 

$
(4,522)

 

$
1,402 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

    Weighted Average Shares of Common Stock

 

 

 

 

 

 

    Outstanding:

 

 

 

 

 

 

         Basic

 

 
7,252,075 

 

 
7,212,901 

         Plus:

 

 

 

 

 

 

              Effect of dilutive restrictive stock

 

 

 -

 

 
20,499 

         Diluted

 

 
7,252,075 

 

 
7,233,400 

 

 

 

 

 

 

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

    Net (Loss) Income per share - Basic

 

$
(0.62)

 

$
0.19 

 

 

 

 

 

 

 

    Net (Loss) Income per share - Diluted:

 

$
(0.62)

 

$
0.19