Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2016

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



	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Net earnings available to common shareholders	$	1,682	$	4,927	$	3,604	$	6,245
Dividends on Series C preferred stock	—		92		—		185
Adjusted net earnings available to common shareholders	$	1,682	$	5,019	$	3,604	$	6,430
Weighted average number of common shares outstanding used in computation of basic earnings per common share	11,255		11,324		11,258		11,321
Effect of dilutive securities:
Stock options	—		17		—		23
Convertible preferred stock and warrants	—		509		—		510
Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted earnings per share	11,255		11,850		11,258		11,854

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

Following is a summary of the securities that were excluded from the computation of diluted earnings per share because the effects of the shares were anti-dilutive (in thousands):



	Three Months Ended June 30,		Six Months Ended June 30,
	2016	2015	2016	2015
Stock options	319	130	324	130
Restricted stock	11	—	11	—
Shares subject to the outstanding warrant issued in connection with the CPP transaction	104	104	104	—
Convertible preferred stock	507	—	507	—