XML 62 R44.htm IDEA: XBRL DOCUMENT v3.20.4
EARNINGS PER COMMON SHARE (Tables)
12 Months Ended
Dec. 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):

Year Ended December 31, 

    

2020

    

2019

Earnings per common share - Basic

Numerator:

Net income

$

24,534

 

$

8,009

Net income available for common shareholders

$

24,534

 

$

8,009

Denominator:

Basic weighted average shares

 

7,899,278

 

 

7,890,266

Earnings per common share - basic

$

3.11

$

1.02

Earnings per common share - Diluted

Numerator:

Net income

$

24,534

 

$

8,009

Net income available for common shareholders

$

24,534

 

$

8,009

Denominator:

Basic weighted average shares

7,899,278

7,890,266

Diluted effect of common stock equivalents:

Time Vesting Units

$

32,995

$

9,315

Financial Performance Units

16,160

2,071

Market Performance Units

13,471

13,309

Total diluted effect of common stock equivalents

62,626

24,695

Diluted weighted average shares

 

7,961,904

 

 

7,914,961

Earnings per common share - diluted

$

3.08

$

1.01

Schedule of Antidilutive securities

Year Ended December 31, 

    

2020

    

2019

Stock options

419,197

433,572

Time Vesting Units

88,121

144,560

Financial Performance Units

70,397

35,256

Restricted Stock Awards

36,401

78,202

Total potentially dilutive securities

614,116

691,590