Earnings Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

16. 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 June 30, 2019. Earnings per share data is not applicable for the period ended June 30, 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 June 30, 2019		Six months ended June 30, 2019
	(unaudited)		(unaudited)
Net income applicable to common stock	$	1,221	$	2,132
Average number of common shares outstanding		11,133,290		11,133,290
Less: Average unallocated ESOP shares		428,243		430,970
Average number of common shares outstanding used to calculate basic earnings per common share		10,705,047		10,702,320
Earnings per Common share:
Basic	$	0.11	$	0.20
Diluted	$	0.11	$	0.20