EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding for the applicable period. Diluted earnings per share is computed based on the weighted average number of shares outstanding plus the effect of any dilutive shares of restricted stock granted to employees and non-employee directors. There were approximately 131,000 and 51,000 anti-dilutive restricted shares outstanding for the three months ended March 31, 2020 and March 31, 2019, respectively.

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share and share amounts):


	Three Months Ended March 31,
	2020		2019
Net income	$	1,102	$	392

Weighted average shares outstanding - basic	8,414,393		8,363,109
Dilutive potential shares from unvested restricted shares	44,080		92,277

Weighted average shares outstanding - diluted	8,458,473		8,455,386

Earnings per share:
Basic	$	0.13	$	0.05
Diluted	$	0.13	$	0.05