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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Common Share  
Schedule of basis of computation of earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

    

2016

    

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common stockholders

 

$
194,000

 

$
1,518,000

 

 

 

 

 

 

 

Basic common shares:

 

 

 

 

 

 

Weighted average shares outstanding

 

 
1,792,853

 

 
1,787,909

Less: Weighted average unallocated ESOP shares

 

 
(76,296)

 

 
(83,535)

Add: Weighted average unvested restricted stock shares with non-forfeitable dividend rights

 

 
46,221

 

 
43,719

Basic weighted average common shares outstanding

 

 
1,762,778

 

 
1,748,093

 

 

 

 

 

 

 

Dilutive potential common shares

 

 
16,894

 

 
8,726

 

 

 

 

 

 

 

Diluted weighted average common shares outstanding

 

 
1,779,672

 

 
1,756,819

 

 

 

 

 

 

 

Basic earnings per share

 

$
0.11

 

$
0.87

 

 

 

 

 

 

 

Diluted earnings per share

 

$
0.11

 

$
0.86