Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Common Share [Abstract]

Reconciliation of numerator and denominator used in earnings per common share calculations

A reconciliation of the numerator and denominator used in the earnings per common share calculations is as follows:

	Three Months Ended September 30, 2016
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share:
Net income	$	149			20,451
Less preferred stock dividends		(100	)		-
Net income applicable to common shareholders	$	49			20,451	$	-

	Three Months Ended September 30, 2015
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share:
Net income	$	238			20,589
Less preferred stock dividends		(100	)		-
Net income applicable to common shareholders	$	138			20,589	$	.01

	Nine Months Ended September 30, 2016
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share:
Net income	$	1,288			20,433
Less preferred stock dividends		(299	)		-
Net income applicable to common shareholders	$	989			20,433	$	.05

	Nine Months Ended September 30, 2015
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share:
Net income	$	4,274			20,584
Less preferred stock dividends		(299	)		-
Net income applicable to common shareholders	$	3,975			20,584	$	.19

The assumed conversion of the Company’s Series D preferred stock was excluded from the earnings per common share calculation for all periods presented since its impact would have been antidilutive.