Earnings per common share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 3 - Earnings per common share
 
The following table presents the basic and diluted earnings (loss) per common share computation (in thousands, except per share data):
 
 
 
Three Months Ended March 31,
 
 
 
2016
 
2015
 
Numerator
 
 
 
 
 
 
 
Net income (loss) - basic and diluted
 
$
402
 
$
(5)
 
Preferred stock dividend and accretion
 
 
(178)
 
 
(163)
 
Preferred stock principal forgiveness
 
 
-
 
 
4,404
 
Preferred stock dividend forgiveness
 
 
-
 
 
2,215
 
Net income available to common shareholders
 
$
224
 
$
6,451
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
 
 
1,418
 
 
409
 
Dilutive effect of common stock options and restricted stock awards
 
 
-
 
 
10
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding - diluted
 
 
1,418
 
 
419
 
 
 
 
 
 
 
 
 
Earnings per share - basic
 
$
0.16
 
$
15.77
 
Earnings per share - diluted
 
$
0.16
 
$
15.40
 
 
Outstanding options and warrants to purchase common stock were considered in the computation of diluted earnings (loss) per share for the periods presented. Stock options for 2,616 and 6,485 shares were not included in computing diluted earnings per share for the three months ended March 31, 2016 and 2015, respectively, because their effects were anti-dilutive.