Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Summary of Significant Accounting Policies

Schedule of earnings per share

Earnings per share (EPS) were computed as follows:

	Three Months Ended September 30, 2021
			Weighted-	Per
	Net		Average	Share
	Income		Shares	Amount
	(In thousands)
Net income	$	2,902
Less allocated earnings on non-vested restricted stock		(114)
Less allocated dividends on non-vested restricted stock		(49)
Net income allocated to common stockholders		2,739
			5,478,496
Basic and diluted earnings per share				$	0.50

	Three Months Ended September 30, 2020
			Weighted-
			Average	Per Share
	Net Income		Shares	Amount
	(In thousands)
Net income	$	2,059
Less allocated earnings on non-vested restricted stock		(52)
Less dividends on non-vested restricted stock		(36)
Net income allocated to common stockholders		1,971
			5,467,745
Basic and diluted earnings per share				$	0.36

	Nine Months Ended September 30, 2021
			Weighted-
			Average	Per Share
	Net Income		Shares	Amount
	(In thousands)
Net income	$	6,995
Less allocated earnings on non-vested restricted stock		(211)
Less allocated dividends on non-vested restricted stock		(173)
Net income allocated to common stockholders		6,612
			5,476,359
Basic and diluted earnings per share				$	1.21

	Nine Months Ended September 30, 2020
			Weighted-	Per
	Net		Average	Share
	Income		Shares	Amount
	(In thousands)
Net income	$	5,313
Less allocated earnings on non-vested restricted stock		(119)
Less dividends on non-vested restricted stock		(105)
Net income allocated to common stockholders		5,089
			5,465,854
Basic and diluted earnings per share				$	0.93