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Earnings Per Common Share
 12 Months Ended
Dec. 31, 2016
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, 2016
Income
Shares
(In thousands)
Per Share
Amount
Basic and Diluted Earnings Per Common Share
 
 
 
 
 
 
 
 
 
Net income before preferred stock dividends
$
2,636
 
 
20,445
 
 
 
 
Less preferred stock dividends
 
(399
)
 
—
 
 
 
 
Net income applicable to common shareholders
$
2,237
 
 
20,445
 
$
.11
 
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
 
 
The assumed conversion of the Company’s Series D Preferred Stock was excluded from the earnings per common share calculation for 2016 and 2015 since its impact would have been antidilutive.