XML 30 R21.htm IDEA: XBRL DOCUMENT v3.22.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Summary of Composition of Earnings Per Share

The following table sets forth the composition of earnings per share:

 

(In Thousands, except share and per share data)

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Net income

 

$

1,524

 

 

$

1,125

 

Basic weighted average common shares outstanding

 

 

9,826,435

 

 

 

5,691,686

 

Net effect of dilutive stock options and warrants

 

 

227,249

 

 

 

-

 

Diluted weighted average common shares outstanding

 

 

10,053,684

 

 

 

5,691,686

 

Net income per common share:

 

 

 

 

 

 

Basic

 

$

0.16

 

 

$

0.20

 

Diluted

 

$

0.15

 

 

$

0.20