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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Common Share [Abstract]  
Information Used in the Computation of Earnings per Common Share
Following is a summary of the information used in the computation of earnings per common share (in thousands):
 
  
Three Months Ended March 31,
 
  
2015
  
2014
 
Net earnings available to common shareholders
 
$
1,318
  
$
6,678
 
Dividends on Series C preferred stock
  
-
   
100
 
Adjusted net earnings available to common shareholders
 
$
1,318
  
$
6,778
 
Weighted average number of common shares outstanding used in computation of basic earnings per common share
  
11,318
   
11,258
 
Effect of dilutive securities:
        
Stock options
  
29
   
74
 
Convertible preferred stock and warrants
  
4
   
547
 
Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted earnings per share
  
11,351
   
11,879