Earnings/(Loss) Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2013
Earnings/(Loss) Per Common Share [Abstract]  
Basic and Diluted Earnings/(Loss) Per Share [Table Text Block]

following table sets forth the calculation of basic and diluted earnings/(loss) per common share for the three-month periods ended March 31, 2013 and 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended March 31,

 

2013

2012

 

 

Average

Per Share

 

Average

Per Share

(in thousands, except for per share amount)

Income

Shares

Amount

Loss

Shares

Amount

Basic and Diluted Earnings/(Loss) Per Share:

 

 

 

 

 

 

 

 

 

 

Net income/(loss)

$
1,922 

 

 

 

$
(2,665)

 

 

 

Preferred stock dividends deferred

 
(420)

 

 

 

 
(399)

 

 

 

Discount accretion on preferred stock

 
(17)

 

 

 

 
(16)

 

 

 

Net income available to/Net (loss) attributable to common shareholders

$
1,485 
6,199 

$
0.24 

$
(3,080)
6,183 

$
(0.50)