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

 

 

 

For the three months ended
September 30,

 

 

For the nine months ended
September 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

(Dollars in thousands, except per share)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$
503

 

 

$
327

 

 

$
2,268

 

 

$
1,279

 

Less net income attributable to participating securities

 
1

 

 

-

 

 
5

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$
502

 

 

$
327

 

 

$
2,263

 

 

$
1,279

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings per common share

 
26,702,564

 

 
29,076,708

 

 
26,662,344

 

 
29,076,708

 

Add: dilutive effects of unvested restricted stock awards

 
42,345

 

 

-

 

 
56,552

 

 

-

 

Add: dilutive effects of assumed exercises of stock options

 
79,898

 

 

-

 

 
3,748

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for diluted earnings per common share

 
26,824,807

 

 
29,076,708

 

 
26,722,644

 

 
29,076,708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share - basic

 

$
0.02

 

 

$
0.01

 

 

$
0.09

 

 

$
0.04

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share - diluted

 

$
0.02

 

 

$
0.01

 

 

$
0.08

 

 

$
0.04