Earnings Per Share (EPS) (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Earnings per common share for the year ended December 31, 2019 is presented in the following table. Earnings per common share for the year ended December 31, 2018 is not presented as the Company’s initial stock offering was completed on January 8, 2019.

	Year ended December 31, 2019
	(dollars in thousands)
Net income	$                                     449
Weighted average shares outstanding for basic EPS
Weighted average shares outstanding	4,876,677
Less: Weighted average unallocated ESOP shares	172,895
Subtotal	4,703,782
Additional dilutive shares	-
Weighted average shares outstanding for basic and dilutive EPS	4,703,782
Basic and diluted income (loss) per share	$                                    0.10