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Earnings/(Loss) Per Common Share | 9 Months Ended
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Sep. 30, 2013
Earnings/(Loss) Per Common Share [Abstract] |
Earnings/(Loss) Per Common Share | Note 2 – Earnings 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. No common stock equivalents were outstanding during the nine and three months ended September 30, 2013 and 2012. The following table sets forth the calculation of basic and diluted earnings/(loss) per common share for the nine- and three-month periods ended September 30, 2013 and 2012:
| Nine Months Ended September 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 | $ | 5,600 |  |  |  | $ | 1,859 |  |  |
Preferred stock dividends deferred |  | (1,274) |  |  |  |  | (1,212) |  |  |
Discount accretion on preferred stock |  | (52) |  |  |  |  | (49) |  |  |
Net income available to common shareholders | $ | 4,274 | 6,206 | $ | 0.69 | $ | 598 | 6,192 | $ | 0.10
| Three Months Ended September 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 | $ | 1,836 |  |  |  | $ | 2,875 |  |  |
Preferred stock dividends deferred |  | (430) |  |  |  |  | (398) |  |  |
Discount accretion on preferred stock |  | (18) |  |  |  |  | (17) |  |  |
Net income available to common shareholders | $ | 1,388 | 6,211 | $ | 0.22 | $ | 2,460 | 6,199 | $ | 0.40

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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 -Subparagraph (a) -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 -Paragraph 2 -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 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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