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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share  
Schedule of Earnings Per Share, Basic and Diluted

Earnings per share (EPS) were computed as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2019

 

    

 

 

    

Weighted-

    

 

 

 

 

Net

 

Average

 

Per Share

 

 

Income

 

Shares

 

Amount

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

6,810

 

  

 

 

  

 

 

 

 

 

  

 

 

  

Less allocated earnings on non-vested restricted stock

 

 

(111)

 

  

 

 

  

Less allocated dividends on non-vested restricted stock

 

 

(145)

 

  

 

 

  

Net income allocated to common stockholders

 

 

6,554

 

  

 

 

  

 

 

 

  

 

5,525,965

 

 

  

Basic and diluted earnings per share

 

 

  

 

  

 

$

1.19

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2018

 

    

 

 

    

Weighted-

    

 

 

 

 

Net

 

Average

 

Per Share

 

 

Income

 

Shares

 

Amount

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

4,282

 

  

 

 

  

 

 

 

  

 

  

 

 

  

Less allocated earnings on non-vested restricted stock

 

 

(59)

 

  

 

 

  

Less allocated dividends on non-vested restricted stock

 

 

(155)

 

  

 

 

  

Net income allocated to common stockholders

 

 

4,068

 

  

 

 

  

 

 

 

  

 

4,952,471

 

 

  

Basic and diluted earnings per share

 

 

  

 

  

 

$

0.82