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Earnings Per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
A reconciliation of the numerators and denominators for earnings per common share computations for the three and six months ended June 30, 2016 and 2015 is presented below (shares in thousands). Common shares, options, and per share amounts for all periods shown have been restated to reflect the impact of the 1:30 reverse stock split the Company completed effective May 29, 2015. Options to purchase 498 and 3,488 shares of common stock were outstanding for June 30, 2016 and 2015, respectively; but were not included in the computation of diluted earnings per share because the exercise price was greater than the average market price and, therefore, were anti-dilutive. Of the 33,321 shares of restricted stock units issued, 536 shares and 269 shares were considered dilutive for the three and six month periods ended June 30, 2016, respectively.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Basic Earnings Per Common Share
 
 
 
 
 
 
 
Net income
$
2,128

 
$
1,053

 
$
3,046

 
$
2,920

Preferred stock dividends
(83
)
 
—

 
(165
)
 
(1,006
)
Discount on redemption of preferred stock
—

 
—

 
—

 
13,668

Net income for common shareholders
$
2,045

 
$
1,053

 
$
2,881

 
$
15,582

Weighted average common shares outstanding
6,513,694

 
6,484,457

 
6,513,694

 
3,370,276

Basic earnings per common share
$
0.31

 
$
0.16

 
$
0.44

 
$
4.62

Diluted Earnings Per Common Share
 
 
 
 
 
 
 
Weighted average common shares outstanding
6,513,694

 
6,484,457

 
6,513,694

 
3,370,276

Add: dilutive effect of restricted stock units
536

 
—

 
269

 
—

Weighted average common and dilutive
 
 
 
 
 
 
 
potential shares outstanding
6,514,230

 
6,484,457

 
6,513,963

 
3,370,276

Diluted earnings per common share
$
0.31

 
$
0.16

 
$
0.44

 
$
4.62