Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2017

Earnings (Loss) Per Common Share [Abstract]

Earnings (Loss) Per Common Share

Note 7. Earnings (Loss) Per Common Share

A reconciliation of the numerator and denominator used in the earnings (loss) per common share calculations is as follows:

	Three Months Ended March 31, 2017
	Loss			Shares (In thousands)	Per Share Amount
Basic and Diluted Loss Per Common Share:
Net loss	$	(221	)	20,432
Less preferred stock dividends		(99	)	-
Net loss applicable to common shareholders	$	(320	)	20,432	$	(.02	)

	Three Months Ended March 31, 2016
	Income			Shares (In thousands)	Per Share Amount
Basic and Diluted Earnings Per Common Share:
Net income	$	898		20,406
Less preferred stock dividends		(99	)	-
Net income applicable to common shareholders	$	799		20,406	$	.04

The assumed conversion of the Company’s Series D preferred stock was excluded from the earnings (loss) per common share calculation for all periods presented since its impact would have been antidilutive.