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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Summary of Significant Accounting Policies  
Schedule of Computation of Basic and Diluted Earnings Per Share

Three Months Ended

 

 

March 31, 

 

 

    

2022

    

2021

    

    

(In thousands, except per share data)

 

Numerator:

 

  

 

  

Net income

$

1,204

$

758

Less: Income allocated to unvested participating securities

 

20

 

8

Net income available to common stockholders

$

1,184

$

750

Denominator:

 

 

Denominator for basic earnings per share — weighted average shares

 

5,948

 

5,913

Effect of dilutive securities:

 

 

Common stock equivalents

 

 

Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions

 

5,948

 

5,913

Earnings per share:

 

 

Basic

$

0.20

$

0.13

Diluted

$

0.20

$

0.13