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Loss Per Common Share
 12 Months Ended
Dec. 31, 2020
Loss Per Common Share [Abstract]  
Loss Per Common Share
Note 18 – Loss Per Common Share
 
The factors used in the earnings per common share computation follow:
 
  
2020
  
2019
 
  
(Dollars in thousands,
except share and per share)
 
Net loss
 
$
(642
)
 
$
(206
)
Less net income attributable to participating securities
  
-
   
-
 
Loss available to common stockholders
 
$
(642
)
 
$
(206
)
Weighted average common shares outstanding for basic earnings per common share
  
27,163,427
   
26,833,693
 
Add: dilutive effects of unvested restricted stock awards
  
-
   
-
 
Weighted average common shares outstanding for diluted earnings per common share
  
27,163,427
   
26,833,693
 
Loss per common share – basic
 
$
(0.02
)
 
$
(0.01
)
Loss per common share – diluted
 
$
(0.02
)
 
$
(0.01
)
 
Stock options for 360,000 shares and 275,000 shares of common stock for the years ended December 31, 2020 and 2019, respectively, were not considered in computing diluted earnings per common share because they were anti‑dilutive.
 
Basic loss per share of common stock is computed pursuant to the two-class method by dividing net loss available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed loss attributable to participating securities by the weighted average common shares outstanding during the period.  The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock.  ESOP shares are considered outstanding for this calculation unless unearned.  Diluted net loss per share of common stock includes the dilutive effect of unvested stock awards and additional potential common shares issuable under stock options.