Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

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



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Net earnings available to common shareholders	$	1,587	$	2,417	$	5,191	$	8,662
Dividends on Series C preferred stock	—		92		—		277
Adjusted net earnings available to common shareholders	$	1,587	$	2,509	$	5,191	$	8,939
Weighted average number of common shares outstanding used in computation of basic earnings per common share	11,262		11,312		11,260		11,321
Effect of dilutive securities:
Stock options	1		12		—		20
Convertible preferred stock and warrants	—		507		—		507
Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted earnings per share	11,263		11,831		11,260		11,848

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 September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Stock options	304	130	309	130
Restricted stock	11	11	11	11
Shares subject to the outstanding warrant issued in connection with the CPP transaction	104	104	104	104
Convertible preferred stock	507	—	507	—