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Earnings/(Loss) Per Common Share

6 Months Ended

Jun. 30, 2013

Earnings/(Loss) Per Common Share [Abstract]

Earnings/(Loss) Per Common Share

Note 2 – Earnings/(Loss) Per Common Share

Basic earnings/(loss) per common share is derived by dividing net income available to/loss attributable to common shareholders by the weighted-average number of common shares outstanding during the period and does not include the effect of any potentially dilutive common stock equivalents.  Diluted earnings/(loss) per share is derived by dividing net income available to/loss attributable to common shareholders by the weighted-average number of shares outstanding, adjusted for the dilutive effect of outstanding common stock equivalents.  There is no dilutive effect on earnings per share during loss periods.  There were no common stock equivalents during the three and six months ended June 30, 2013 and 2012. 

The following table sets forth the calculation of basic and diluted earnings/(loss) per common share for the six- and three-month periods ended June 30, 2013 and 2012:

	For the six months ended June 30,
	2013					2012
			Average	Per Share				Average	Per Share
(in thousands, except for per share amount)	Income		Shares	Amount		Loss		Shares	Amount
Basic and Diluted Earnings/(Loss) Per Share:
Net income/(loss)	$	3,764				$	(1,016)
Preferred stock dividends deferred		(844)					(814)
Discount accretion on preferred stock		(34)					(32)
Net income available to/Net (loss) attributable to common shareholders	$	2,886	6,203	$	0.47	$	(1,862)	6,188	$	(0.30)

	For the three months ended June 30,
	2013					2012
			Average	Per Share				Average	Per Share
(in thousands, except for per share amount)	Income		Shares	Amount		Income		Shares	Amount
Basic and Diluted Earnings Per Share:
Net income	$	1,842				$	1,649
Preferred stock dividends deferred		(424)					(415)
Discount accretion on preferred stock		(17)					(16)
Net income available to common shareholders	$	1,401	6,207	$	0.23	$	1,218	6,194	$	0.20

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

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-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

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-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

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-URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258



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-Publisher FASB

-Name Accounting Standards Codification

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