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Loss Per Common Share
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Loss Per Common Share
LOSS 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 June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
Net loss
 
$
(2,903
)
 
$
(669
)
 
$
(8,733
)
 
$
(308
)
Dividends on preferred stock
 
810

 
810

 
1,620

 
1,620

Adjusted net loss available to common shareholders
 
$
(3,713
)
 
$
(1,479
)
 
$
(10,353
)
 
$
(1,928
)
Weighted average number of common shares outstanding used in computation of basic loss per common share
 
16,724

 
16,526

 
16,699

 
16,511

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock options
 
—

 
3

 
—

 
3

Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted loss per share
 
16,724

 
16,529

 
16,699

 
16,514

Net loss per common share:
 
 
 
 
 
 
 
 
Basic
 
$
(0.22
)
 
$
(0.09
)
 
$
(0.62
)
 
$
(0.12
)
Diluted
 
$
(0.22
)
 
$
(0.09
)
 
$
(0.62
)
 
$
(0.12
)


The Company has reported a net loss for the three and six months ended June 30, 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.