EARNINGS (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2014

Basic and Diluted Earnings Per Common Share

Computations for basic and diluted EPS are provided below.

	Three months ended March 31,
	2014									2013
	Common Stock			Class B Common Stock			Total			Common Stock		Class B Common Stock		Total
	($ in thousands, except per share data)
Basic:
Net (loss) income	$	735		$	22		$	757		$	843	$	86	$	929
Less: preferred stock dividends		883			27			910			261		27		288
Net (loss) income available to common shareholders	$	(148	)	$	(5	)	$	(153	)	$	582	$	59	$	641
Weighted average common shares outstanding		19,609,017			590,008			20,199,025			10,809,008		1,112,188		11,921,196
Basic (loss) earnings per common share	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	0.05	$	0.05	$	0.05
Diluted:
Net (loss) income available to common shareholders	$	(148	)	$	(5	)	$	(153	)	$	582	$	59	$	641
Weighted average common shares outstanding for basic (loss) earnings per common share		19,609,017			590,008			20,199,025			10,809,008		1,112,188		11,921,196
Add: Dilutive effects of stock awards		—			—			—			2,503		—		2,503
Average shares and dilutive common shares		19,609,017			590,008			20,199,025			10,811,511		1,112,188		11,923,699
Diluted (loss) earnings per common share	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	0.05	$	0.05	$	0.05