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Loss Per Common Share
 12 Months Ended
Dec. 31, 2021
Loss Per Common Share [Abstract]  
Loss Per Common Share
Note 22 – Loss Per Common Share
 
The factors used in the earnings per common share computation follow:
 
   
2021
    
2020
  
   
(Dollars in thousands,
except share and per share)
  
Net loss
  
$
(4,050
)
  
$
(642
)
Less net income attributable to participating securities
    
-
      
-
  
Loss available to common stockholders
  
$
(4,050
)
  
$
(642
)
Weighted average common shares outstanding for basic earnings per common share
    
60,151,556
      
27,163,427
  
Add: dilutive effects of unvested restricted stock awards
    
-
      
-
  
Weighted average common shares outstanding for diluted earnings per common share
    
60,151,556
      
27,163,427
  
Loss per common share – basic
  
$
(0.07
)
  
$
(0.02
)
Loss per common share – diluted
  
$
(0.07
)
  
$
(0.02
)
 
Stock options for 450,000 shares of common stock for the years ended December 31, 2021 and 2020, 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. Because the Company recorded losses for the years ended December 31, 2021 and 2020, no unvested stock awards or potential common shares issuable under stock options were included in diluted earnings per share in either year.