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Earnings Per Share of Common Stock (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Share of Common Stock  
Schedule of basic and diluted earnings per share of common stock

 

 

For the three months ended
March 31,

 

 

2017

 

2016

 

 

(In thousands, except share
and per share)

Net income

 

$
1,232

 

$
633

Less net income attributable to participating securities

 
(2)

 

-

 

 

 

 

 

Income available to common stockholders

 

$
1,230

 

$
633

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings per common share

 
26,616,704

 
29,076,708

Add: dilutive effects of assumed exercises of stock options

 

-

 

-

Add: dilutive effects of unvested restricted stock awards

 
70,759

 

-

 

 

 

 

 

Weighted average common shares outstanding for diluted earnings per common share

 
26,687,463

 
29,076,708

 

 

 

 

 

Earnings per common share – basic

 

$
0.05

 

$
0.02

 

 

 

 

 

 

 

Earnings per common share – diluted

 

$
0.05

 

$
0.02