EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2019

EARNINGS PER COMMON SHARE

Schedule of basic and diluted earning (loss) per share

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Earnings per common share - Basic
Numerator:
Net income	$	2,406	$	1,689	$	5,437	$	3,923
Dividends on preferred stock		—		(255)		—		(1,378)
Net income available for common shareholders	$	2,406	$	1,434	$	5,437	$	2,545
Denominator:
Basic weighted average shares		7,890,794		7,373,770		7,882,221		6,321,511
Earnings per common share - basic	$	0.30	$	0.19	$	0.69	$	0.40
Earnings per common share - Diluted
Numerator:
Net income	$	2,406	$	1,689	$	5,437	$	3,923
Dividends on preferred stock		—		(255)		—		(1,378)
Net income available for common shareholders	$	2,406	$	1,434	$	5,437	$	2,545
Denominator:
Basic weighted average shares		7,890,794		7,373,770		7,882,221		6,321,511
Diluted effect of common stock equivalents:
Stock options		—		—		—		20,860
Time Vesting Units		10,702		—		4,942		14,841
Financial Performance Units		123		—		41		6,505
Market Performance Units		13,175		15,075		13,357		5,025
Restricted Stock Awards		—		—		—		3,509
Total diluted effect of common stock equivalents		24,000		15,075		18,340		50,740
Diluted weighted average shares		7,914,794		7,388,845		7,900,561		6,372,251
Earnings per common share - diluted	$	0.30	$	0.19	$	0.69	$	0.40

Schedule of Antidilutive securities

	Three Months Ended September 30,		Nine Months Ended September 30,
	2019	2018	2019	2018
Stock options	423,197	467,947	438,364	296,949
Convertible Preferred D shares	—	—	—	—
Time Vesting Units	130,821	168,962	163,141	157,454
Financial Performance Units	55,028	16,345	47,008	5,448
Market Performance Units	—	—	—	—
Restricted Stock Awards	61,668	43,830	83,713	14,610
Total potentially dilutive securities	670,714	697,084	732,226	474,461