Earnings (Loss) Per Common Share

9 Months Ended

Sep. 30, 2022

Earnings (Loss) Per Common Share [Abstract]

Earnings (Loss) Per Common Share

Note 8. Earnings (Loss) Per Common Share

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

	Three Months Ended September 30, 2022
	Loss			Weighted Average Shares (In thousands)		Per Share Amount
Basic and Diluted Loss Per Common Share:
Net loss	$	(684	)		20,389
Less preferred stock dividends		(100	)		—
Net loss applicable to common shareholders	$	(784	)		20,389	$	(0.04	)

	Three Months Ended September 30, 2021
	Loss			Weighted Average Shares (In thousands)		Per Share Amount
Basic and Diluted Loss Per Common Share:
Net loss	$	(915	)		20,401
Less preferred stock dividends		(100	)		—
Net loss applicable to common shareholders	$	(1,015	)		20,401	$	(0.05	)

	Nine Months Ended September 30, 2022
	Income			Weighted Average Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share:
Net income	$	479			20,390
Less preferred stock dividends		(299	)		—
Net income applicable to common shareholders	$	180			20,390	$	0.01

	Nine Months Ended September 30, 2021
	Income			Weighted Average Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share:
Net income	$	1,616			20,410
Less preferred stock dividends		(299	)		—
Net income applicable to common shareholders	$	1,317			20,410	$	0.06

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