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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2015
Earnings Per Common Share [Abstract] |
Earnings Per Common Share |
Note 4. | Earnings Per Common Share
A reconciliation of the numerator and denominator used in the earnings per common share calculations is as follows:
|  | Three Months Ended March 31, 2015 |
|  | Income |  |  | Shares (In thousands) |  |  | Per Share Amount |
Basic and Diluted Earnings Per Common Share: |  |  |  |  |  |  |  |  |
Net income |  | $ | 691 |  |  |  | 20,591 |  |  |  |  |
Less preferred stock dividends |  |  | (99 | ) |  |  | - |  |  |  |  |
Net income applicable to common shareholders |  | $ | 592 |  |  |  | 20,591 |  |  | $ | .03 |
|  | Three Months Ended March 31, 2014 |
|  | Income |  |  | Shares (In thousands) |  |  | Per Share Amount |
Basic and Diluted Earnings Per Common Share: |  |  |  |  |  |  |  |  |
Net income |  | $ | 820 |  |  |  | 21,073 |  |  |  |  |
Less preferred stock dividends |  |  | (118 | ) |  |  | - |  |  |  |  |
Net income applicable to common shareholders |  | $ | 702 |  |  |  | 21,073 |  |  | $ | .03 |
The assumed conversion of the Company’s Series D preferred stock was excluded from the earnings per common share calculation for all periods presented since its impact would have been antidilutive.

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