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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share  
Schedule of Earnings Per Share, Basic and Diluted

The following table presents the earnings per share calculations for the three months ended March 31:

 

 

 

 

 

 

 

 

 

 

 

March 31, 

 

 

    

2020

    

2019

 

Net income

 

$

407

 

$

249

 

Basic potential common shares

 

 

  

 

 

  

 

Weighted average shares outstanding

 

 

7,704,875

 

 

7,850,247

 

Weighted average unallocated Employee Stock Ownership Plan Shares

 

 

(607,924)

 

 

(284,085)

 

Basic weighted average shares outstanding

 

 

7,096,951

 

 

7,566,162

 

Dilutive potential common shares

 

 

 —

 

 

258

 

Dilutive weighted average shares outstanding

 

 

7,096,951

 

 

7,566,420

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.06

 

$

0.03

 

Diluted earnings per share

 

$

0.06

 

$

0.03