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Summary Of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Summary Of Significant Accounting Policies [Abstract]  
Earnings Per Common Share



 

 

 

 

 

 

 

 

 

 

 

 



 

Three months ended

 

Nine months ended



 

September 30,

 

September 30,



 

2019

 

2018

 

2019

 

2018



 

(unaudited)

 

(unaudited)

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

2,617 

 

$

1,055 

 

$

6,578 

 

$

2,977 

Accretion of discount and value of warrants exercised related to Series B preferred stock

 

 

36 

 

 

(26)

 

 

219 

 

 

(64)

Net income allocated to common stockholders

 

$

2,653 

 

$

1,029 

 

$

6,797 

 

$

2,913 



 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

4,488,399 

 

 

4,251,820 

 

 

4,419,444 

 

 

4,247,800 

Less: Unvested share-based payment awards

 

 

-  

 

 

-  

 

 

-  

 

 

-  

Average shares

 

 

4,488,399 

 

 

4,251,820 

 

 

4,419,444 

 

 

4,247,800 

Basic earnings per common share

 

$

0.59 

 

$

0.24 

 

$

1.54 

 

$

0.69 



 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings allocated to common stockholders

 

$

2,653 

 

$

1,029 

 

$

6,797 

 

$

2,913 

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

 

 

-  

 

 

-  

 

 

-  

 

 

-  

Net earnings allocated to common stockholders

 

$

2,653 

 

$

1,029 

 

$

6,797 

 

$

2,913 



 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings per common share

 

 

4,488,399 

 

 

4,251,820 

 

 

4,419,444 

 

 

4,247,800 

Add:  Dilutive effects of assumed exercises of stock options

 

 

37,050 

 

 

49,508 

 

 

37,067 

 

 

43,344 

Add:  Dilutive effects of assumed exercises of stock warrants (1)

 

 

-  

 

 

65,894 

 

 

9,262 

 

 

51,127 

Average shares and dilutive potential common shares

 

 

4,525,449 

 

 

4,367,222 

 

 

4,465,773 

 

 

4,342,271 

Diluted earnings per common share

 

$

0.59 

 

$

0.24 

 

$

1.52 

 

$

0.67 



(1)

All outstanding warrants expired on July 15, 2019.

Anti-Dilutive Common Shares



 

 

 

 

 

 

 



Three months ended

September 30,

 

Nine months ended

September 30,



2019

 

2018

 

2019

 

2018



(unaudited)

 

(unaudited)

Stock options

451 

 

883 

 

467 

 

895