Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share

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. Unearned ESOP shares are not deemed outstanding for earnings per share calculations. There were no potentially dilutive common stock equivalents for the three and six months ended June 30, 2020 or 2019.

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020			2019
Net income applicable to common stock	$	1,348	$	1,221	$	2,423	$	2,132
Average number of common shares outstanding		11,133,290		11,133,290		11,133,290		11,133,290
Less: Average unearned ESOP shares		406,423		428,243		409,150		430,970
Average number of common shares outstanding used to calculate basic and diluted earnings per common share		10,726,867		10,705,047		10,724,140		10,702,320
Earnings per Common share:
Basic	$	0.13	$	0.11	$	0.23	$	0.20
Diluted	$	0.13	$	0.11	$	0.23	$	0.20