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Earnings (Loss) Per Common Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings (Loss) Per Common Share [Abstract]  
Reconciliation of Numerator and Denominator used in Loss per Common Share Calculations

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


   
Three Months Ended
September 30, 2024
 
   
Loss
   
Weighted
Average Shares
(In thousands)
   
Per Share
Amount
 
Basic and Diluted Loss Per Common Share:
                 
Net loss
  $ (1,998 )     20,400
   

 
Less preferred stock dividends
    (100 )    
         
Net loss applicable to common shareholders
  $ (2,098 )     20,400
    $ (0.10 )


   
Three Months Ended
September 30, 2023
 
    Income
   
Weighted
Average Shares
(In thousands)
   
Per Share
Amount
 
Basic Earnings Per Common Share:
                 
Net income
  $ 1,759       20,402        
Less preferred stock dividends
    (100 )            
Net income applicable to common shareholders
  $ 1,659       20,402     $ 0.08  
Diluted Earnings Per Common Share:                        
Effect of Series D preferred stock     100       1,378          
   Net income applicable to common shareholders   $ 1,759       21,780     $ 0.08  

   
Nine Months Ended
September 30, 2024
 
   
Loss
   
Weighted
Average Shares
(In thousands)
   
Per Share
Amount
 
Basic and Diluted Loss Per Common Share:
                 
Net loss
  $ (4,680 )     20,401
   
   
Less preferred stock dividends
    (299 )    
         
Net loss applicable to common shareholders
  $ (4,979 )     20,401
    $ (0.24 )

   
Nine Months Ended
September 30, 2023
 
   
Income
   
Weighted
Average Shares
(In thousands)
   
Per Share
Amount
 
Basic and Diluted Earnings Per Common Share:
                 
Net income
  $ 2,057       20,405
   
   
Less preferred stock dividends
    (299 )    
         
Net income applicable to common shareholders
  $ 1,758       20,405
    $ 0.09