NET EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2015

Following is a summary of the information used in the computation of earnings per common share (in thousands):



	December 31,
	2015		2014		2013
Net earnings available to common stockholders	$	10,330	$	18,412	$	12,844
Dividends on Series C preferred stock	367		378		400
Adjusted net earnings available to common stockholders	$	10,697	$	18,790	$	13,244
Weighted average number of common shares outstanding used in computation of basic earnings per common share	11,309		11,282		11,247
Effect of dilutive securities:
Stock options	5		77		50
Preferred stock	507		542		564
Weighted average number of common shares outstanding plus effect of dilutive securities used in computation of diluted earnings per common share	11,821		11,901		11,861

Options to acquire 220,596, 24,855 and 134,611 shares of common stock were not included in computing diluted earnings per share for the years ended December 31, 2015, 2014 and 2013, respectively, because the effect of these shares was anti-dilutive. 11,250 shares of restricted stock were anti-dilutive and not included in the computation of diluted earnings per share for the year ended December 31, 2015. The remaining 104,384 shares subject to the outstanding warrant issued in connection with the CPP transaction were anti-dilutive and not included in the computation of diluted earnings per share for the year ended December 31, 2015.