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Earnings Per Share of Common Stock (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share of Common Stock  
Schedule of basic and diluted earnings per share of common stock

 

 

For the three months ended
June 30,

 

 

For the six months ended
June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

(Dollars in thousands, except per share)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$
533

 

 

$
319

 

 

$
1,765

 

 

$
952

 

Less net income attributable to participating securities

 
(1

)

 

-

 

 
(4

)

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$
532

 

 

$
319

 

 

$
1,761

 

 

$
952

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings per common share

 
26,666,740

 

 
29,076,708

 

 
26,642,129

 

 
29,076,708

 

Add: dilutive effects of unvested restricted stock awards

 
56,552

 

 

-

 

 
63,655

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for diluted earnings per common share

 
26,723,292

 

 
29,076,708

 

 
26,705,784

 

 
29,076,708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share - basic

 

$
0.02

 

 

$
0.01

 

 

$
0.07

 

 

$
0.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share - diluted

 

$
0.02

 

 

$
0.01

 

 

$
0.07

 

 

$
0.03