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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Number of Shares Used in Calculation of Basic and Diluted Earnings Per Common 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 Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(Dollars in thousands except share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

5,932

 

 

$

(571

)

 

$

8,384

 

 

$

(1,784

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding for basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

17,255,592

 

 

 

17,290,254

 

 

 

17,167,691

 

 

 

17,334,830

 

Less: Weighted average unallocated Employee Stock

   Ownership Plan (ESOP) shares

 

 

518,555

 

 

 

566,805

 

 

 

524,553

 

 

 

572,837

 

Basic weighted average common shares outstanding

 

 

16,737,037

 

 

 

16,723,449

 

 

 

16,643,138

 

 

 

16,761,993

 

Basic earnings (loss) per common share

 

$

0.35

 

 

$

(0.03

)

 

$

0.50

 

 

$

(0.11

)

Potential dilutive common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add: Dilutive effect of restricted stock awards and stock

   options

 

 

36,569

 

 

 

 

 

 

18,285

 

 

 

 

Diluted weighted average common shares outstanding

 

 

16,773,606

 

 

 

16,723,449

 

 

 

16,661,423

 

 

 

16,761,993

 

Diluted earnings (loss) per common share

 

$

0.35

 

 

$

(0.03

)

 

$

0.50

 

 

$

(0.11

)