For the Three Months Ended

(Amounts in thousands, except per share information)

March 31,

Earnings Per Share

2016

2015

Numerators:

Net (loss) income

$

(960

)

$

1,801

Less:

Preferred stock dividends

—

50

Net (loss) income available to common shareholders

$

(960

)

$

1,751

Denominators:

Weighted average number of common shares outstanding - basic

13,360

13,303

Effect of potentially dilutive common shares ⁽¹⁾

0

37

Weighted average number of common shares outstanding - diluted

13,360

13,340

Earnings per common share:

Basic

$

(0.07

)

$

0.13

Diluted

$

(0.07

)

$

0.13

Anti-dilutive options not included in diluted earnings per share calculation

120,700

124,200

Anti-dilutive restricted shares not included in diluted earnings per share calculation

54,181

22,312