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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share  
Schedule of reconciliation of basic and diluted earnings per share computations

 

 

 

Quarter ended June 30, 2016

 

Quarter ended June 30, 2015

 

 

 

 

 

Weighted

 

Per

 

 

 

Weighted

 

Per

 

 

 

 

 

Average

 

Share

 

 

 

Average

 

Share

 

 

 

Income

 

Shares

 

Amount

 

Income

 

Shares

 

Amount

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,074

 

 

 

 

 

$

899

 

 

 

 

 

Less: Dividends on preferred stock during the quarter

 

(123)

 

 

 

 

 

(130

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

951

 

1,998,979

 

$

0.48

 

$

769

 

1,968,777

 

$

0.39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible preferred stock

 

123

 

539,175

 

 

 

130

 

568,890

 

 

 

Performance share units

 

—

 

1,725

 

 

 

—

 

—

 

 

 

Stock options

 

—

 

69

 

 

 

—

 

—

 

 

 

Warrants

 

—

 

—

 

 

 

—

 

24,462

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common stockholders and assumed conversions

 

$

1,074

 

2,539,948

 

$

0.42

 

$

899

 

2,562,129

 

$

0.35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2016

 

Six months ended June 30, 2015

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

Per Share

 

 

 

Average

 

Per Share

 

 

 

Income

 

Shares

 

Amount

 

Income

 

Shares

 

Amount

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,979

 

 

 

 

 

$

1,681

 

 

 

 

 

Less: Dividends on preferred stock during the quarter

 

(247

)

 

 

 

 

(258

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

1,732

 

1,996,278

 

$

0.87

 

$

1,423

 

1,968,777

 

$

0.72

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible preferred stock

 

247

 

541,563

 

 

 

258

 

568,890

 

 

 

Performance share units

 

—

 

2,937

 

 

 

—

 

—

 

 

 

Stock options

 

—

 

59

 

 

 

—

 

—

 

 

 

Warrants

 

—

 

—

 

 

 

—

 

85,759

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common stockholders and assumed conversions

 

$

1,979

 

2,540,837

 

$

0.78

 

$

1,681

 

2,623,426

 

$

0.64