Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	9. EARNINGS PER SHARE Earnings per share (“EPS”) for common stock is calculated using the two-class method required for participating securities. Basic EPS is calculated by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. Diluted EPS is computed by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period and the weighted-average number of dilutive common stock equivalents outstanding for the period determined using the treasury-stock method. For purposes of this calculation, common stock equivalents include common stock options and are only included in the calculation of diluted EPS when their effect is dilutive. To calculate EPS for the three and six months ended June 30, 2022, net income available to common stockholders was not allocated between Class A and Class B common stock since there were no issued and outstanding shares of Class B common stock as of June 30, 2022. To calculate EPS for the three and six months ended June 30, 2021, net income available to common stockholders was allocated as if all the income for the period were distributed to common stockholders. The allocation was based on the outstanding shares per common share class to the total common shares outstanding during each period giving effect for the 1 for 5 reverse stock split. The Company’s Articles of Incorporation require that the distribution of net income to Common B stockholders be adjusted to give effect for Class A stock splits. Therefore, the income allocated to Class B common shares was calculated based on their 20 % per share equivalent to Class A common shares. The following table reflects the calculation of net income available to common stockholders for three and six months ended June 30, 2022 and 2021 (in thousands): The following table reflects the calculation of basic and diluted earnings per common share class for the three and six months ended June 30, 2022 and 2021 (in thousands, except per share amounts): See Note 8 “Stockholders’ Equity” for further discussion of the stock split. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net Income $ 5,295 $ 4,053 $ 10,149 $ 8,834 Less: Preferred stock dividends - 754 - 1,535 Net income available to common stockholders $ 5,295 $ 3,299 $ 10,149 $ 7,299 Three Months Ended June 30, 2022 2021 Class A Class B Class A Class B (1) Basic EPS Numerator: Net income available to common shares before allocation $ 5,295 $ - $ 3,299 $ 3,299 Multiply: % allocated on weighted avg. shares outstanding 100.0% - 76.0% 24.0% Net income available to common shares after allocation $ 5,295 $ - $ 2,509 $ 790 Denominator: Weighted average shares outstanding 20,000,753 - 3,889,469 6,121,052 Earnings per share, basic $ 0.26 $ - $ 0.65 $ 0.13 Diluted EPS Numerator: Net income available to common shares before allocation $ 5,295 $ - $ 3,299 $ 3,299 Multiply: % allocated on weighted avg. shares outstanding 100.0% - 76.0% 24.0% Net income available to common shares after allocation $ 5,295 $ - $ 2,509 $ 790 Denominator: Weighted average shares outstanding for basic EPS 20,000,753 - 3,889,469 6,121,052 Add: Dilutive effects of assumed exercises of stock options 170,508 - 44,167 - Weighted avg. shares including dilutive potential common shares 20,171,261 - 3,933,636 6,121,052 Earnings per share, diluted $ 0.26 $ - $ 0.64 $ 0.13 Anti-dilutive stock options excluded from diluted EPS 15,000 - 103,666 - (1) Net income available to common shares between Class A and Class B common stock was allocated based on the weighted average number of shares outstanding. The allocation also assumes that Class B shares had converted to Class A shares which is equivalent to 0.20 per share of Class B or 1,224,212 shares of Class A shares. Six Months Ended June 30, 2022 2021 Class A Class B Class A Class B (1) Basic EPS Numerator: Net income available to common shares before allocation $ 10,149 $ - $ 7,299 $ 7,299 Multiply: % allocated on weighted avg. shares outstanding 100.0% - 76.1% 23.9% Net income available to common shares after allocation $ 10,149 $ - $ 5,551 $ 1,748 Denominator: Weighted average shares outstanding 19,997,869 - 3,889,469 6,121,052 Earnings per share, basic $ 0.51 $ - $ 1.43 $ 0.29 Diluted EPS Numerator: Net income available to common shares before allocation $ 10,149 $ - $ 7,299 $ 7,299 Multiply: % allocated on weighted avg. shares outstanding 100.0% - 76.1% 23.9% Net income available to common shares after allocation $ 10,149 $ - $ 5,551 $ 1,748 Denominator: Weighted average shares outstanding for basic EPS 19,997,869 - 3,889,469 6,121,052 Add: Dilutive effects of assumed exercises of stock options 195,049 - 44,167 - Weighted avg. shares including dilutive potential common shares 20,192,918 - 3,933,636 6,121,052 Earnings per share, diluted $ 0.50 $ - $ 1.41 $ 0.29 Anti-dilutive stock options excluded from diluted EPS 15,000 - 103,666 - (1) Net income available to common shares between Class A and Class B common stock was allocated based on the weighted average number of shares outstanding. The allocation also assumes that Class B shares had converted to Class A shares which is equivalent to 0.20 per share of Class B or 1,224,212 shares of Class A shares.