| Basic and Diluted Earnings Per Common Share [Table Text Block] |
following table sets forth the calculation of basic and diluted earnings per common share for the nine- and three-month periods ended September 30, 2012 and 2011:
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For the nine months ended September 30,
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2012
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2011
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Average
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Per Share
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Average
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Per Share
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(in thousands, except for per share amount)
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Income
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Shares
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Amount
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Income
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Shares
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Amount
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Basic and Diluted Earnings Per Share:
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Net income
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$
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1,859
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$
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2,776
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Preferred stock dividends deferred
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(1,212)
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(1,152)
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Discount accretion on preferred stock
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(49)
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(46)
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Net income available to common shareholders
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$
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598
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6,192
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$
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0.10
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$
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1,578
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6,175
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$
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0.26
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For the three months ended September 30,
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2012
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2011
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Average
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Per Share
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Average
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Per Share
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(in thousands, except for per share amount)
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Income
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Shares
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Amount
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Income
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Shares
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Amount
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Basic and Diluted Earnings Per Share:
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Net income
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$
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2,875
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$
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686
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Preferred stock dividends deferred
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(398)
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(389)
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Discount accretion on preferred stock
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(17)
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(15)
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Net income available to common shareholders
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$
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2,460
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6,199
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$
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0.40
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$
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282
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6,183
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$
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0.05
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