Earnings Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 17 – EARNINGS PER SHARE

Earnings per common share for the three months and nine months ended September 30, 2019 are presented in the following table. Earnings per common share for the three months and nine months ended September 30, 2018 are not presented as the Company’s initial stock offering was completed on January 8, 2019.

	Three months ended September 30, 2019		Nine months ended September 30, 2019
Net income (loss)	$	436	$	(44	)
Shares outstanding for basic EPS
Average shares outstanding		4,876,677		4,876,677
Less: Average unallocated ESOP shares		172,017		173,773
Subtotal		4,704,660		4,702,904
Additional dilutive shares		—		—
Shares outstanding for basic and dilutive EPS		4,704,660		4,702,904
Basic and diluted income (loss) per share	$	0.09	$	(0.01	)