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Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2015
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | Note 10. Earnings Per Common Share A reconciliation of the numerator and denominator of the earnings per common share calculations is as follows:
| For the Year Ended December 31, 2015
| Income | Shares (In thousands) | Per Share Amount
Basic and Diluted Earnings Per Common Share |  |  |  |  |  |  |  |  |
Net income before preferred stock dividends | $ | 4,388 |  |  | 20,566 |  |  |  |
Less preferred stock dividends |  | (399 | ) |  | — |  |  |  |
Net income applicable to common shareholders | $ | 3,989 |  |  | 20,566 |  | $ | .19 |
| For the Year Ended December 31, 2014
| Income | Shares (In thousands) | Per Share Amount
Basic and Diluted Earnings Per Common Share |  |  |  |  |  |  |  |  |
Net income before preferred stock dividends | $ | 4,430 |  |  | 20,818 |  |  |  |
Less preferred stock dividends |  | (468 | ) |  | — |  |  |  |
Net income applicable to common shareholders | $ | 3,962 |  |  | 20,818 |  | $ | .19 |
The assumed conversion of the Company’s Series D Preferred Stock was excluded from the earnings per common share calculation for 2015 and 2014 since its impact would have been antidilutive.

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