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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share  
Schedule of earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

(in thousands, except share and per share data)

    

2020

    

2019

 

 

 

 

 

 

 

Numerator:

 

 

  

 

 

  

Net income available to common shareholders

 

$

66

 

$

57

 

 

 

  

 

 

 

Denominator:

 

 

  

 

 

 

Weighted average common shares outstanding

 

 

1,540,286

 

 

1,662,436

Less: Average unallocated ESOP shares

 

 

116,380

 

 

121,670

Weighted average shares

 

 

1,423,906

 

 

1,540,766

 

 

 

  

 

 

 

Effect of dilutive securities:

 

 

  

 

 

 

Restrictive Stock

 

 

17,121

 

 

6,931

Stock Options

 

 

 —

 

 

 —

Weighted average common shares outstanding - assuming dilution

 

 

1,441,027

 

 

1,547,697

 

 

 

  

 

 

 

Basic earnings per common share

 

$

0.05

 

$

0.04

Diluted earnings per common share

 

$

0.05

 

$

0.04