Village Bank & Trust Financial Corp. - 10-Q filing on 2012-08-15

Earnings (loss) per common share

6 Months Ended

Jun. 30, 2012

Earnings (loss) per common share [Abstract]

Note 3 - Earnings (loss) per common share

The following table presents the basic and diluted earnings per share computations:


	Three Months Ended June 30,					Six Months Ended June 30,
	2012			2011		2012			2011
Numerator
Net income (loss) - basic and diluted	$	(9,736,272	)	$	256,831	$	(11,136,652	)	$	339,552
Preferred stock dividend and accretion		185,449			220,169		405,898			438,227
Net income (loss) available to common
shareholders	$	(9,921,721	)	$	36,662	$	(11,542,550	)	$	(98,675	)

Denominator
Weighted average shares outstanding - basic		4,250,579			4,243,378		4,250,579			4,242,665
Dilutive effect of common stock options and
restricted stock awards		-			-		-			-

Weighted average shares outstanding - diluted		4,250,579			4,243,378		4,250,579			4,242,665

Earnings (loss) per share - basic and diluted
Earnings (loss) per share - basic	$	(2.33	)	$	0.01	$	(2.72	)	$	(0.02	)
Effect of dilutive common stock options		-			-		-			-

Earnings (loss) per share - diluted	$	(2.33	)	$	0.01	$	(2.72	)	$	(0.02	)

Outstanding options and warrants to purchase common stock were considered in the computation of diluted earnings per share for the periods presented. Stock options for 261,530 shares of common stock were not included in computing diluted earnings per share for the three and six months ended June 30, 2012 because their effects were anti-dilutive. Warrants for 499,029 shares of common stock were not included in computing earnings per share in 2012 and 2011 because their effects were also anti-dilutive.