For the Three Months Ended

(Amounts in thousands, except per share data)

March 31,

Earnings Per Share

2015

2014

Numerators:

Net income

$

1,801

$

565

Less:

Preferred cash dividends

50

Net income available to common shareholders

$

1,751

$

515

Denominators:

Weighted average number of common shares outstanding - basic

13,303

13,942

Effect of potentially dilutive common shares ⁽¹⁾

37

45

Weighted average number of common shares outstanding - diluted

13,340

13,987

Earnings per common share:

Basic

$

0.13

$

0.04

Diluted

$

0.13

$

0.04

Anti-dilutive options not included in earnings per share calculation

124,200

123,437