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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Common Share
PER COMMON SHARE
 
The following table is a summary of computation of loss per common share based on the weighted average number of common shares outstanding (dollars in thousands, except per share amounts):
 
 
 
Three Months Ended March 31,
 
 
2019
 
2018
Net (loss) income
 
$
(5,830
)
 
$
360

Dividends on preferred stock
 
810

 
810

Adjusted net loss available to common shareholders
 
$
(6,640
)
 
$
(450
)
Weighted average number of common shares outstanding used in computation of basic loss per common share
 
16,674

 
16,495

Effect of dilutive securities:
 
 
 
 
Stock options
 
—

 
5

Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted loss per share
 
16,674

 
16,500

Net loss per common share:
 
 
 
 
Basic
 
$
(0.40
)
 
$
(0.03
)
Diluted
 
$
(0.40
)
 
$
(0.03
)


The Company has reported a net loss for the three months ended March 31, 2019. As such, during those periods all potential common shares were excluded from the calculation of diluted earnings per share as they would have an anti-dilutive effect for the respective period.