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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Common Share [Abstract]  
Reconciliation of Numerator and Denominator used in Earnings per Common Share Calculations

A reconciliation of the numerator and denominator of the income per common share calculations is as follows:

    For the Year Ended December 31, 2021  
    Income
   
Weighted
Average Shares
Outstanding
(In thousands)
   
Per Share
Amount
 
Basic and Diluted Earnings Per Common Share
                 
Net income before preferred stock dividends
 
$
4,281
     
20,402
     
-
 
Less preferred stock dividends
   
(399
)
   
         
Net income applicable to common shareholders
 
$
3,882
     
20,402
   
$
0.19

   
For the Year Ended December 31, 2020
 
   
Income
   
Weighted
Average Shares
Outstanding
(In thousands)
   
Per Share
Amount
 
Basic Earnings Per Common Share
                 
Net income before preferred stock dividends
 
$
12,169
     
20,441
     
-
 
Less preferred stock dividends
   
(399
)
   
         
   Net income applicable to common shareholders
   
11,770
     
20,441
     
0.58
 
Diluted Earnings Per Common Share
                       
Effect of Series D preferred stock
   
399
     
1,378
         
Net income applicable to common shareholders
 
$
12,169
     
21,819
   
$
0.56