(Dollars in thousands, except per share data)

For the three months ended

March 31,

Earnings Per Share

2014

2013

NUMERATORS:

Net income

$

565

$

2,040

Less preferred stock dividends

50

Net income available to common shareholders

$

515

$

1,990

DENOMINATORS:

Weighted average number of common shares outstanding - basic

13,942

15,686

Effect of potentially dilutive common shares (1)

45

17

Weighted average number of common shares outstanding - diluted

13,987

15,703

EARNINGS PER COMMON SHARE:

Basic attributable to operations

$

0.04

$

0.13

Diluted attributable to operations

$

0.04

$

0.13

Anti-dilutive options not included in earnings per share calculation

123,437

122,337