Earnings Per Common Share

12 Months Ended

Dec. 31, 2018

Earnings Per Common Share

Earnings Per Common Share

Note 16 – Earnings Per Common Share

The factors used in the earnings per common share computation follow:

	2018		2017
		(Dollars in thousands,
		except share and per share)
Net income	$	815	$	1,869
Less net income attributable to participating securities		(3)		(5)
Income available to common stockholders	$	812	$	1,864
Weighted average common shares outstanding for basic earnings per common share		26,755,405		26,678,917
Add: dilutive effects of assumed exercises of stock options		—		27,117
Add: dilutive effects of unvested restricted stock awards		7,044		49,448
Weighted average common shares outstanding for diluted earnings per common share		26,762,449		26,755,482
Earnings per common share – basic	$	0.03	$	0.07
Earnings per common share – diluted	$	0.03	$	0.07

Stock options for 267,500 shares and 87,500 shares of common stock for the years ended December 31, 2018 and 2017, respectively, were not considered in computing diluted earnings per common share because they were anti-dilutive.