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Stockholders' Equity and Earnings per Share
 6 Months Ended
Jun. 30, 2019
Stockholders' Equity and Earnings per Share [Abstract]  
Stockholders' Equity and Earnings per Share
Note 10. Stockholders’ Equity and Earnings per Share

STOCKHOLDERS’ EQUITY – Accumulated Other Comprehensive Income (Loss)

The following table presents information on amounts reclassified out of accumulated other comprehensive income (loss), by category, during the periods indicated:

  
Three Months Ended
June 30,
  
Six Months Ended
June 30,
 
Affected Line Item on
(dollars in thousands)
 
2019
  
2018
  
2019
  
2018
 
Consolidated Statement of Income
Available-for-sale securities
                 
Realized gains on sales of securities
 
$
-
  
$
40
  
$
26
  
$
120
 
Gain on sale of securities, net
Tax effect
  
-
   
8
   
5
   
25
 
Income tax expense
  
$
-
  
$
32
  
$
21
  
$
95
  

The following tables present the changes in accumulated other comprehensive income (loss), by category, net of tax, for the periods indicated:

(dollars in thousands)
 
Unrealized Gains
(Losses) on
Available-for-Sale
Securities
  
Accumulated Other
Comprehensive Income
(Loss)
 
       
Three Months Ended June 30, 2019
      
Balance at beginning of period
 
$
(616
)
 
$
(616
)
Net other comprehensive income
  
1,295
   
1,295
 
Balance at end of period
 
$
679
  
$
679
 
         
Three Months Ended June 30, 2018
        
Balance at beginning of period
 
$
(2,737
)
 
$
(2,737
)
Net other comprehensive loss
  
(152
)
  
(152
)
Balance at end of period
 
$
(2,889
)
 
$
(2,889
)

(dollars in thousands)
 
Unrealized Gains
(Losses) on
Available-for-Sale
Securities
  
Accumulated Other
Comprehensive Income
(Loss)
 
       
Six Months Ended June 30, 2019
      
Balance at beginning of period
 
$
(2,156
)
 
$
(2,156
)
Net other comprehensive income
  
2,835
   
2,835
 
Balance at end of period
 
$
679
  
$
679
 
         
Six Months Ended June 30, 2018
        
Balance at beginning of period
 
$
(707
)
 
$
(707
)
Net other comprehensive loss
  
(1,966
)
  
(1,966
)
Reclassification of the income tax effects of the Tax Cuts and Jobs Act from AOCI
  
(139
)
  
(139
)
Reclassification of net unrealized gains on equity securities from AOCI per ASU 2016-01
  
(77
)
  
(77
)
Balance at end of period
 
$
(2,889
)
 
$
(2,889
)

The following tables present the change in each component of accumulated other comprehensive income (loss) on a pre-tax and after-tax basis for the periods indicated.

  
Three Months Ended June 30, 2019
 
(dollars in thousands)
 
Pretax
  
Tax
  
Net-of-Tax
 
Unrealized gains on available-for-sale securities:
         
Unrealized holding gains arising during the period
 
$
1,639
  
$
344
  
$
1,295
 
             
Total change in accumulated other comprehensive income, net
 
$
1,639
  
$
344
  
$
1,295
 

  
Three Months Ended June 30, 2018
 
(dollars in thousands)
 
Pretax
  
Tax
  
Net-of-Tax
 
Unrealized losses on available-for-sale securities:
         
Unrealized holding losses arising during the period
 
$
(152
)
 
$
(32
)
 
$
(120
)
Reclassification adjustment for gains recognized in income
  
(40
)
  
(8
)
  
(32
)
             
Total change in accumulated other comprehensive loss, net
 
$
(192
)
 
$
(40
)
 
$
(152
)

  
Six Months Ended June 30, 2019
 
(dollars in thousands)
 
Pretax
  
Tax
  
Net-of-Tax
 
Unrealized gains on available-for-sale securities:
         
Unrealized holding gains arising during the period
 
$
3,615
  
$
759
  
$
2,856
 
Reclassification adjustment for gains recognized in income
  
(26
)
  
(5
)
  
(21
)
             
Total change in accumulated other comprehensive income, net
 
$
3,589
  
$
754
  
$
2,835
 

  
Six Months Ended June 30, 2018
 
(dollars in thousands)
 
Pretax
  
Tax
  
Net-of-Tax
 
Unrealized losses on available-for-sale securities:
         
Unrealized holding losses arising during the period
 
$
(2,368
)
 
$
(497
)
 
$
(1,871
)
Reclassification adjustment for gains recognized in income
  
(120
)
  
(25
)
  
(95
)
             
Total change in accumulated other comprehensive loss, net
 
$
(2,488
)
 
$
(522
)
 
$
(1,966
)

EARNINGS PER COMMON SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period, including the effect of dilutive potential common shares attributable to the employee stock purchase plan.

The following is a reconciliation of the denominators of the basic and diluted EPS computations for the three and six months ended June 30, 2019 and 2018:

(dollars in thousands except per share data)
 
Net Income Available to
Common Shareholders
(Numerator)
  
Weighted Average
Common Shares
(Denominator)
  
Per Share
Amount
 
Three Months Ended June 30, 2019
         
Net income, basic
 
$
1,626
   
5,202
  
$
0.31
 
Potentially dilutive common shares - employee stock purchase program
  
-
   
-
   
-
 
Diluted
 
$
1,626
   
5,202
  
$
0.31
 
             
Three Months Ended June 30, 2018
            
Net income, basic
 
$
992
   
5,177
  
$
0.19
 
Potentially dilutive common shares - employee stock purchase program
  
-
   
-
   
-
 
Diluted
 
$
992
   
5,177
  
$
0.19
 
             
Six Months Ended June 30, 2019
            
Net income, basic
 
$
3,653
   
5,195
  
$
0.70
 
Potentially dilutive common shares - employee stock purchase program
  
-
   
-
   
-
 
Diluted
 
$
3,653
   
5,195
  
$
0.70
 
             
Six Months Ended June 30, 2018
            
Net loss, basic
 
$
1,934
   
5,099
  
$
0.38
 
Potentially dilutive common shares - employee stock purchase program
  
-
   
-
   
-
 
Diluted
 
$
1,934
   
5,099
  
$
0.38
 

The Company had no antidilutive shares outstanding in the six months ended June 30, 2019 and 2018, respectively. Nonvested restricted common shares, which carry all rights and privileges of a common share with respect to the stock, including the right to vote, were included in the basic and diluted per common share calculations.