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Summary Of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Summary Of Significant Accounting Policies [Abstract]  
Earnings Per Common Share



Three months ended

 

Nine months ended



September 30,

 

September 30,



2018

 

2017

 

2018

 

2017



(unaudited)

 

(unaudited)

Basic

 

 

 

 

 

 

 

 

 

 

 

Net income

$

1,055 

 

$

685 

 

$

2,977 

 

$

1,645 

Dividends on Series B preferred stock and accretion of discount

 

(26)

 

 

(214)

 

 

(64)

 

 

(643)

Net income allocated to common stockholders

$

1,029 

 

$

471 

 

$

2,913 

 

$

1,002 



 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding including unvested share-based payment awards(1)

 

4,251,820 

 

 

2,960,378 

 

 

4,247,800 

 

 

2,961,376 

Less: Unvested share-based payment awards

 

-  

 

 

-  

 

 

-  

 

 

-  

Average shares

 

4,251,820 

 

 

2,960,378 

 

 

4,247,800 

 

 

2,961,376 

Basic earnings per common share

$

0.24 

 

$

0.16 

 

$

0.69 

 

$

0.34 



 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

Net earnings allocated to common stockholders

$

1,029 

 

$

471 

 

$

2,913 

 

$

1,002 

Add back: Dividends on Series B preferred stock and accretion of discount

 

-  

 

 

214 

 

 

-  

 

 

-  

Net earnings allocated to common stockholders

$

1,029 

 

$

685 

 

$

2,913 

 

$

1,002 



 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings per common share(1)

 

4,251,820 

 

 

2,960,378 

 

 

4,247,800 

 

 

2,961,376 

Add:  Dilutive effects of assumed exercises of stock options

 

49,508 

 

 

41,688 

 

 

43,344 

 

 

36,370 

Add:  Dilutive effects of preferred stock conversion

 

-  

 

 

1,246,753 

 

 

-  

 

 

-  

Add:  Dilutive effects of assumed exercises of stock warrants

 

65,894 

 

 

209,477 

 

 

51,127 

 

 

209,477 

Average shares and dilutive potential common shares

 

4,367,222 

 

 

4,458,296 

 

 

4,342,271 

 

 

3,207,223 

Diluted earnings per common share

$

0.24 

 

$

0.15 

 

$

0.67 

 

$

0.31 



(1)

Adjusted for 1-for-5.5 reverse stock split on August 20, 2018

Anti-Dilutive Common Shares



 

 

 

 

 

 

 



Three months ended

September 30,

 

Nine months ended

September 30,



2018

 

2017

 

2018

 

2017



(unaudited)

 

(unaudited)

Stock options

883 

 

990 

 

895 

 

990 

Series B preferred stock

 -

 

 -

 

 -

 

1,246,753