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Earnings Per Common Share
12 Months Ended
Dec. 31, 2018
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

(12)  EARNINGS PER COMMON SHARE



Basic earnings per share (“EPS”) is computed based on the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the treasury stock method and reflects the potential dilution that could occur from the exercise of stock options and the amortized portion of unvested stock awards. Stock options and unvested stock awards for which the exercise or the grant price exceeds the average market price over the period have an anti-dilutive effect on EPS and, accordingly, are excluded from the calculation. Treasury shares are not deemed outstanding for earnings per share calculations. There were no anti-dilutive stock options outstanding, and 9,200 anti-dilutive stock awards at December 31, 2018. There were no anti-dilutive stock options outstanding, and no anti-dilutive stock awards at December 31, 2017. The following table sets forth the computation of basic and diluted earnings per share:





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



Year Ended December 31

(In thousands, except per share data)

2018

2017



 

Income

 

Shares

 

Amount

 

Income

 

Shares

 

Amount

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common stockholders

$

10,684 

 

4,303 

$

2.48 

$

7,946 

 

4,260 

$

1.87 

Effect of potential dilutive common stock equivalents -

 

 

 

 

 

 

 

 

 

 

 

 

stock options and restricted shares

 

 -

 

12 

 

 -

 

 -

 

30 

 

(0.02)

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders after assumed

 

 

 

 

 

 

 

 

 

 

 

 

exercises

$

10,684 

 

4,315 

$

2.48 

$

7,946 

 

4,290 

$

1.85