Earnings Per Common Share

12 Months Ended

Dec. 31, 2017

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note 10. Earnings Per Common Share

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

	For the Year Ended December 31, 2017
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	4,528			20,431
Less preferred stock dividends		(399	)		—
Net income applicable to common shareholders	$	4,129			20,431	$	.20

	For the Year Ended December 31, 2016
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	2,636			20,445
Less preferred stock dividends		(399	)		—
Net income applicable to common shareholders	$	2,237			20,445	$	.11

The assumed conversion of the Company’s Series D Preferred Stock was excluded from the earnings per common share calculation for 2017 and 2016 since its impact would have been antidilutive.