EARNINGS PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2020

EARNINGS PER COMMON SHARE

Schedule of basic and diluted earning (loss) per share

The table below presents the calculation of basic and diluted earnings per common share for the periods indicated (amounts in thousands, except share and per share amounts):

	Three Months Ended March 31,
	2020		2019
Earnings per common share - Basic
Numerator:
Net income	$	1,334	$	1,627
Dividends on preferred stock		—		—
Net income available for common shareholders	$	1,334	$	1,627
Denominator:
Basic weighted average shares		7,863,564		7,873,718
Earnings per common share - basic	$	0.17	$	0.21
Earnings per common share - Diluted
Numerator:
Net income	$	1,334	$	1,627
Dividends on preferred stock		—		—
Net income available for common shareholders	$	1,334	$	1,627
Denominator:
Basic weighted average shares		7,863,564		7,873,718
Diluted effect of common stock equivalents:
Stock options		—		—
Time Vesting Units		28,632		2,080
Financial Performance Units		25,049		—
Market Performance Units		13,366		13,846
Restricted Stock Awards		—		—
Total diluted effect of common stock equivalents		67,047		15,926
Diluted weighted average shares		7,930,611		7,889,644
Earnings per common share - diluted	$	0.17	$	0.21

Schedule of Antidilutive securities

	For the Three Months Ended March 31,
	2020	2019
Stock options	419,197	449,797
Time Vesting Units	86,923	159,991
Financial Performance Units	—	15,130
Restricted Stock Awards	61,668	94,736
Total potentially dilutive securities	567,788	719,654