Quarterly report pursuant to sections 13 or 15(d)

9. EARNINGS PER SHARE

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9. EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Note 9 .EARNINGS PER SHARE

The following tables compute basic and diluted earnings per share (in thousands, except per share data):

 

    Three Months Ended June 30, 2012  
    Loss
Numerator
    Shares Denominator     Per-Share Amount  
Net loss   $ (2,629 )                
Less: Preferred stock dividends     (315 )                
Basic and diluted loss per share:                        
Loss available to common stockholders   $ (2,944 )     86,386     $ (0.03 )

 

    Three Months Ended June 30, 2011  
    Income Numerator     Shares Denominator     Per-Share Amount  
Net income   $ 750                  
Less: Preferred stock dividends     (315 )                
Basic and diluted income per share:                        
Income available to common stockholders   $ 435       16,768     $ 0.03  

 

    Six Months Ended June 30, 2012  
    Loss
Numerator
    Shares Denominator     Per-Share Amount  
Net loss   $ (7,582 )                
Less: Preferred stock dividends     (630 )                
Basic and diluted income per share:                        
Loss available to common stockholders   $ (8,212 )     86,304     $ (0.10 )

 

    Six Months Ended June 30, 2011  
    Income Numerator     Shares Denominator     Per-Share Amount  
Net income   $ 768                  
Less: Preferred stock dividends     (627 )                
Basic and diluted loss per share:                        
Income available to common stockholders   $ 141       15,183     $ 0.01  

There were an aggregate of 1,568,000 and 3,111,000 potentially dilutive weighted-average shares from convertible securities outstanding for the three and six months ended June 30, 2012, respectively. These convertible securities were not considered in calculating diluted net loss per share for the three and six months ended June 30, 2012, as their effect would have been anti-dilutive.