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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2017
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 September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Net earnings available to common shareholders
 
$
856

 
$
1,587

 
$
(3,689
)
 
$
5,191

Dividends on Series C preferred stock
 

 

 

 

Adjusted net earnings available to common shareholders
 
$
856

 
$
1,587

 
$
(3,689
)
 
$
5,191

Weighted average number of common shares outstanding used in computation of basic earnings per common share
 
16,395

 
11,262

 
13,314

 
11,260

Effect of dilutive securities:
 
 

 
 
 
 
 
 
Stock options
 
1

 
1

 
4

 

Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted earnings per share
 
16,396

 
11,263

 
13,318

 
11,260

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,
 
 
2017
 
2016
 
2017
 
2016
Stock options
 
236

 
304

 
84

 
309

Restricted stock
 

 
11

 

 
11

Shares subject to the outstanding warrant issued in connection with the CPP transaction
 
104

 
104

 
104

 
104

Convertible preferred stock
 
500

 
507

 
500

 
507