For the years ended December 31,

2014

2013

2012

Basic net income (loss) per common share

Net income (loss) applicable to common shareholders

$

9,355

$

27,731

$

(1,864

)

Undistributed earnings allocated to participating securities

(61

)

(248

)

-

Net income (loss) allocated to common shareholders

$

9,294

$

27,483

$

(1,864

)

Weighted average basic common shares

12,696,777

12,658,752

12,639,379

Basic net income (loss) per common share

$

0.73

$

2.17

$

(0.15

)

Diluted net income (loss) per common share

Net income (loss) applicable to common shareholders

$

9,355

$

27,731

$

(1,864

)

Undistributed earnings allocated to participating securities

(61

)

(248

)

-

Net income (loss) allocated to common shareholders

$

9,294

$

27,483

$

(1,864

)

Weighted average basic common shares

12,696,777

12,658,752

12,639,379

Dilutive potential common shares (1)

65,108

-

Weighted average diluted common shares

12,761,885

12,658,752

12,639,379

Diluted net income (loss) per common share

$

0.73

$

2.17

$

(0.15

)