(11) Loss per Common Share

The following table reconciles the weighted average shares outstanding and the loss available to common shareholders used for basic and diluted loss per share:


	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in thousands, except per share data)	2011			2010			2011			2010
Weighted average number of common shares outstanding used in basic loss per common share calculation		3,841			3,757			3,829			3,747
Net dilutive effect of:
Options		0			0			0			0
Restricted stock awards		0			0			0			0

Weighted average number of shares outstanding adjusted for effect of dilutive securities		3,841			3,757			3,829			3,747

Loss available to common shareholders	$	(2,748	)		(8,280	)		(2,780	)		(10,567	)
Basic loss per common share	$	(0.72	)		(2.20	)		(0.73	)		(2.82	)
Diluted loss per common share	$	(0.72	)		(2.20	)		(0.73	)		(2.82	)

At June 30, 2011 and June 30, 2010, there were 127,351 and 240,807 common share equivalents outstanding, respectively, that are not included in the calculation of diluted earnings per share as they are anti-dilutive.