Three Months Ended

Six Months Ended

June 30,

2012

2011

2012

2011

Basic earnings (loss) per share:

Weighted-average common shares outstanding

14,084,328

14,034,991

14,063,936

14,004,599

Weighted-average common shares less stock based awards

13,883,008

13,789,971

13,869,174

13,779,969

Weighted-average common shares stock based awards

327,920

446,249

334,361

445,053

Net income (loss)

$

1,252

$

1,013

$

(1,716)

$

(2,107)

Dividends and accretion of discount on preferred shares

1,238

1,175

2,461

2,334

Net earnings (loss) available to common shareholders

14

(162)

(4,177)

(4,441)

Undistributed earnings (loss)

14

(162)

(4,177)

(4,441)

Basic earnings (loss) per share common undistributed loss

0.00

(0.01)

(0.29)

(0.31)

Basic earnings (loss) per share

$

0.00

$

(0.01)

$

(0.29)

$

(0.31)

Diluted earnings (loss) per share:

Weighted-average common shares outstanding

14,084,328

14,034,991

14,063,936

14,004,599

Dilutive effect of restricted shares1

126,600

201,229

139,599

220,423

Diluted average common shares outstanding

14,210,928

14,236,220

14,203,535

14,225,022

Net earnings (loss) available to common stockholders

$

14

$

(162)

$

(4,177)

$

(4,441)

Diluted earnings (loss) per share

$

0.00

$

(0.01)

$

(0.29)

$

(0.31)

Number of antidilutive options excluded from the diluted earnings per share calculation

1,313,839

1,408,671

1,313,839

1,408,671