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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Common Share [Abstract]  
Computation Of Earnings Per Share





 

 

 

 

 



December 31, 2019

 

December 31, 2018

Basic

 

 

 

 

 

Net income

$

9,601 

 

$

4,273 

Dividends on Series B preferred stock, accretion of discount and value of warrants exercised

 

219 

 

 

62 

Earnings allocated to participating securities (Series C preferred stock)

 

(430)

 

 

 -

Net income allocated to common stockholders

$

9,390 

 

$

4,335 



 

 

 

 

 

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

 

4,582,997 

 

 

4,260,617 

Less: Unvested share-based payment awards

 

(1,532)

 

 

 -

Average shares

 

4,581,465 

 

 

4,260,617 

Basic earnings per common share

$

2.05 

 

$

1.02 



 

 

 

 

 

Diluted

 

 

 

 

 

Net earnings allocated to common stockholders

$

9,390 

 

$

4,335 

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

 

 -

 

 

 -

Net earnings allocated to common stockholders

$

9,390 

 

$

4,335 



 

 

 

 

 

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

 

4,581,465 

 

 

4,260,617 

Add: Dilutive effects of assumed exercises of stock options

 

38,620 

 

 

40,903 

Add: Dilutive effects of assumed exercises of stock warrants

 

6,947 

 

 

42,210 

Add:  Dilutive effects of unvested share-based payment awards

 

1,532 

 

 

 -

Average shares and dilutive potential common shares

 

4,628,564 

 

 

4,343,730 

Diluted earnings per common share

$

2.03 

 

$

1.00 



(1)

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

Summary Of Anti-Dilutive Options Or Warrants



 

 

 

 

 



 

2019

 

 

2018

Stock options

 

463 

 

 

792