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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Components of Earnings per Common Share
Following is a summary of the information used in the computation of earnings per common share (in thousands):
 
 
 
Three Months Ended March 31,
 
 
 
2016
 
2015
 
Net earnings available to common shareholders
 
$
1,922

 
$
1,318

 
Dividends on Series C preferred stock
 

 

 
Adjusted net earnings available to common shareholders
 
$
1,922

 
$
1,318

 
Weighted average number of common shares outstanding used in computation of basic earnings per common share
 
11,262

 
11,318

 
Effect of dilutive securities:
 
 

 
 

 
Stock options
 

 
29

 
Convertible preferred stock and warrants
 

 
4

 
Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted earnings per share
 
11,262

 
11,351