EARNINGS (LOSS) PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2018

EARNINGS (LOSS) PER COMMON SHARE

Schedule of basic and diluted earning (loss) per share

The table below presents the calculation of basic and diluted earnings (loss) per common share for the periods indicated (amounts in thousands, except share and per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Earnings (loss) per common share - Basic
Numerator:
Net income	$	1,048	$	404	$	2,234	$	930
Dividends on preferred stock		(562)		(573)		(1,123)		(1,147)
Net income (loss) available for common shareholders	$	486	$	(169)	$	1,111	$	(217)
Denominator:
Basic weighted average shares		5,911,886		5,543,771		5,891,463		5,540,372
Earnings (loss) per common share - basic	$	0.08	$	(0.03)	$	0.19	$	(0.04)
Earnings (loss) per common share - Diluted
Numerator:
Net income	$	1,048	$	404	$	2,234	$	930
Dividends on preferred stock		(562)		(573)		(1,123)		(1,147)
Net income (loss) available for common shareholders	$	486	$	(169)	$	1,111	$	(217)
Denominator:
Basic weighted average shares		5,911,886		5,543,771		5,891,463		5,540,372
Diluted effect of common stock equivalents:
Stock options		32,643		—		31,291		—
Time Vesting Units		13,958		—		22,261		—
Financial Performance Units		16,355		—		9,758		—
Restricted Stock Awards		6,579		—		5,264		—
Total diluted effect of common stock equivalents		69,535		—		68,574		—
Diluted weighted average shares		5,981,421		5,543,771		5,960,037		5,540,372
Earnings (loss) per common share - diluted	$	0.08	$	(0.03)	$	0.19	$	(0.04)

Schedule of Antidilutive securities

	For the Period Ended June 30,
	2018	2017
Stock options	207,700	660,539
Convertible Preferred D shares	151,700	170,200
Time Vesting Units	—	188,531
Financial Performance Units	—	24,014
Market Performance Units	—	24,650
Total potentially dilutive securities	359,400	1,067,934