NET EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2016

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



	December 31,
	2016		2015		2014
Net earnings available to common stockholders	$	6,578	$	10,330	$	18,412
Dividends on Series C preferred stock	—		367		378
Adjusted net earnings available to common stockholders	$	6,578	$	10,697	$	18,790
Weighted average number of common shares outstanding used in computation of basic earnings per common share	11,263		11,309		11,282
Effect of dilutive securities:
Stock options	—		5		77
Preferred stock	—		507		542
Weighted average number of common shares outstanding plus effect of dilutive securities used in computation of diluted earnings per common share	11,263		11,821		11,901

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):



	December 31,
	2016	2015	2014
Stock options	299	221	25
Restricted stock	15	11	—
Shares subject to the outstanding warrant issued in connection with the CPP transaction	104	104	—
Convertible preferred stock	507	—	—