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Earnings/(Loss) Per Common Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings/(Loss) Per Common Share [Abstract]  
Basic and Diluted Earnings/(Loss) Per Share [Table Text Block]

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