The following table presents the basic and diluted earnings per common share computation (in thousands, except per share data): | | | Three Months Ended | | Nine Months Ended | | | | | September 30, | | September 30, | | | | | 2017 | | 2016 | | 2017 | | 2016 | | | Numerator | | | | | | | | | | | Net income - basic and diluted | | $ | 273 | | $ | 11,932 | | $ | 926 | | $ | 12,993 | | | Preferred stock dividend | | | (113) | | | (186) | | | (385) | | | (547) | | | Net income available to common shareholders | | $ | 160 | | $ | 11,746 | | $ | 541 | | $ | 12,446 | | | | | | | | | | | | | | | | | | Denominator | | | | | | | | | | | | | | | Weighted average shares outstanding - basic | | | 1,431 | | | 1,430 | | | 1,430 | | | 1,423 | | | Dilutive effect of common stock options and restricted stock awards | | | - | | | - | | | - | | | - | | | | | | | | | | | | | | | | | | Weighted average shares outstanding - diluted | | | 1,431 | | | 1,430 | | | 1,430 | | | 1,423 | | | | | | | | | | | | | | | | | | Earnings per share - basic | | $ | 0.11 | | $ | 8.21 | | $ | 0.38 | | $ | 8.74 | | | Earnings per share - diluted | | $ | 0.11 | | $ | 8.21 | | $ | 0.38 | | $ | 8.74 | |
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