Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Calculation Of Net Income (Loss) Available To Common Stockholders Before Being Allocable Between Class A And Class B Common Shares

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

Calculation Of Basic And Diluted Earnings (Loss) Per Common Share Class

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.