Earnings Per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

17. Earnings Per Share

Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. There were no potentially dilutive common stock equivalents as of March 31, 2019. Earnings per share data is not applicable for the period ended March 31, 2018 because the Company had not yet been formed and had no shares outstanding.

(Dollars in thousands, except for per share data)	Three months ended  March 31, 2019
	(unaudited)
Net income applicable to common stock	$	911
Average number of common shares outstanding		11,133,290
Less: Average unallocated ESOP shares		433,698
Average number of common shares outstanding used to calculate basic earnings per common share		10,699,592
Earnings per Common share:
Basic	$	0.09
Diluted	$	0.09