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Earnings Per Share
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

 

Note 10. Earnings Per Share

 

The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share:

 

 

 

 

 

 

For the Period

September 29,

through

December 31,

 

 

2018

 

 

2017

 

Net Income (loss)

$

2,677

 

 

$

(2,864

)

 

 

 

 

 

 

 

 

Shares outstanding for basic EPS:

 

 

 

 

 

 

 

Weighted average shares outstanding:

 

18,463,028

 

 

 

18,463,028

 

Less: Weighted average unallocated mployee Stock Ownership

   Plan (ESOP) shares

 

639,181

 

 

 

723,232

 

Basic weighted shares outstanding

 

17,823,847

 

 

 

17,739,796

 

Basic earnings per share

$

0.15

 

 

$

(0.16

)

Dilutive potential common shares:

 

 

 

 

 

 

 

Add: Dilutive effect of restricted stock awards and

   stock options

 

9,119

 

 

 

—

 

Diluted weighted average shares outstanding

 

17,832,966

 

 

 

17,739,796

 

Diluted earnings per share

$

0.15

 

 

$

(0.16

)

 

 

(1)

The weighted average shares outstanding are calculated for the full periods presented and factor zero shares outstanding for the days prior to the conversion on September 29, 2017.