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Earnings (Loss) per Share (Tables)
3 Months Ended
Mar. 31, 2014
Earnings (Loss) per Share  
Schedule of calculations of basic and diluted earnings (loss) per share

 

 

 

Three Months Ended March 31,

 

(dollars in thousands, except per share data)

 

2014

 

2013

 

Basic earnings (loss) per common share:

 

 

 

 

 

Net income (loss)

 

$

1,987

 

$

(136

)

Less:

 

 

 

 

 

Preferred stock dividends and accretion of discount

 

0

 

295

 

Net income (loss) available to common shareholders

 

$

1,987

 

$

(431

)

Basic earnings (loss) per share

 

$

0.39

 

$

(0.09

)

Diluted earnings (loss) per common share:

 

 

 

 

 

Net income (loss)

 

$

1,987

 

$

(136

)

Less:

 

 

 

 

 

Preferred stock dividends and accretion of discount

 

0

 

295

 

Net income (loss) available to common shareholders

 

$

1,987

 

$

(431

)

Average shares outstanding

 

5,032,679

 

5,032,679

 

Effect of dilutive stock options

 

0

 

0

 

Average shares outstanding including dilutive stock options

 

5,032,679

 

5,032,679

 

Diluted earnings (loss) per share

 

$

0.39

 

$

(0.09

)

Summary of anti-dilutive shares

 

 

 

Three Months Ended March 31,

 

 

 

2014

 

2013

 

Anti-dilutive shares - option shares

 

103,150

 

188,491

 

Anti-dilutive shares - warrant shares

 

 

298,618

 

Total anti-dilutive shares

 

103,150

 

487,109