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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Components of Earnings per Common Share
The following table is a summary of computation of loss per common share based on the weighted average number of common shares outstanding (dollars in thousands, except per share amounts):
 
 
 
Three Months Ended March 31,
 
 
2019
 
2018
Net (loss) income
 
$
(5,830
)
 
$
360

Dividends on preferred stock
 
810

 
810

Adjusted net loss available to common shareholders
 
$
(6,640
)
 
$
(450
)
Weighted average number of common shares outstanding used in computation of basic loss per common share
 
16,674

 
16,495

Effect of dilutive securities:
 
 
 
 
Stock options
 

 
5

Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted loss per share
 
16,674

 
16,500

Net loss per common share:
 
 
 
 
Basic
 
$
(0.40
)
 
$
(0.03
)
Diluted
 
$
(0.40
)
 
$
(0.03
)