Earnings Per Common Share

3 Months Ended

Mar. 31, 2016

Following is a summary of the information used in the computation of earnings per common share (in thousands):



	Three Months Ended March 31,
	2016		2015
Net earnings available to common shareholders	$	1,922	$	1,318
Dividends on Series C preferred stock	—		—
Adjusted net earnings available to common shareholders	$	1,922	$	1,318
Weighted average number of common shares outstanding used in computation of basic earnings per common share	11,262		11,318
Effect of dilutive securities:
Stock options	—		29
Convertible preferred stock and warrants	—		4
Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted earnings per share	11,262		11,351

Options and warrants on 448,760 shares of common stock and 11,250 shares of restricted stock were not included in computing diluted earnings per share for the quarter ended March 31, 2016 because the effects of these shares were anti-dilutive. Options to acquire 134,822 shares of common stock were not included in computing diluted earnings per share for the quarter ended March 31, 2015 because the effects of these shares were anti-dilutive.