Earnings Per Common Share

3 Months Ended

Mar. 31, 2017

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



	Three Months Ended March 31,
	2017		2016
Net earnings available to common shareholders	$	1,680	$	1,922
Dividends on Series C preferred stock	—		—
Adjusted net earnings available to common shareholders	$	1,680	$	1,922
Weighted average number of common shares outstanding used in computation of basic earnings per common share	11,264		11,262
Effect of dilutive securities:
Stock options	14		—
Restricted stock	4		—
Convertible preferred stock and warrants	—		—
Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted earnings per share	11,282		11,262

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 March 31,
	2017	2016
Stock options	84	345
Restricted stock	4	11
Shares subject to the outstanding warrant issued in connection with the CPP transaction	104	104
Convertible preferred stock	507	507