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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures

Supplemental disclosures of cash flow information and non-cash transactions related to cash flows for the years ended December 31, 2020 and 2019 are as follows:

 

 

 

2020

 

 

2019

 

 

 

(Dollars in Thousands)

 

Cash paid during the year for:

 

 

 

 

 

 

 

 

Interest

 

$

4,856

 

 

$

6,533

 

Income taxes

 

 

186

 

 

 

131

 

Non-cash transactions:

 

 

 

 

 

 

 

 

Assets acquired in settlement of loans

 

 

1,388

 

 

 

1,340

 

Reissuance of treasury stock as compensation

 

 

449

 

 

 

42

 

Schedule of Earnings Per Share, Basic and Diluted The following table reflects weighted average shares used to calculate basic and diluted net income per share for the years ended December 31, 2020 and 2019.

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Basic shares

 

 

6,281,467

 

 

 

6,386,946

 

Dilutive shares

 

 

421,000

 

 

 

412,800

 

Diluted shares

 

 

6,702,467

 

 

 

6,799,746

 

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

 

(Dollars in Thousands,

Except Per Share Data)

 

Net income

 

$

2,707

 

 

$

4,566

 

Basic net income per share

 

$

0.43

 

 

$

0.71

 

Diluted net income per share

 

$

0.40

 

 

$

0.67