Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2023

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 March 31, 2023
	Loss			Weighted Average Shares (In thousands)		Per Share Amount
Basic and Diluted Loss Per Common Share:
Net loss	$	(1,446	)		20,407
Less preferred stock dividends		(99	)		—
Net loss applicable to common shareholders	$	(1,545	)		20,407		$	(0.08	)

	Three Months Ended March 31, 2022
	Income			Weighted Average Shares (In thousands)		Per Share Amount
Basic Earnings Per Common Share:
Net income	$	2,842			20,380
Less preferred stock dividends		(99	)		—
Net income applicable to common shareholders		2,743			20,380	$	0.13
Diluted Earnings Per Common Share:
Effect of Series D preferred stock		99			1,378
Net income applicable to common shareholders	$	2,842			21,758	$	0.13

The assumed conversion of the Company’s Series D preferred stock was excluded from the loss per common share calculation for three month period ended March 31, 2023, since its impact would have been antidilutive.