Computation Of Earnings Per Share |
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December 31, 2019
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December 31, 2018
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Basic
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Net income
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$
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9,601
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$
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4,273
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Dividends on Series B preferred stock, accretion of discount and value of warrants exercised
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219
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62
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Earnings allocated to participating securities (Series C preferred stock)
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(430)
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-
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Net income allocated to common stockholders
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$
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9,390
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$
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4,335
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Weighted average common shares outstanding including unvested share-based payment awards (1)
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4,582,997
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4,260,617
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Less: Unvested share-based payment awards
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(1,532)
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-
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Average shares
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4,581,465
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4,260,617
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Basic earnings per common share
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$
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2.05
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$
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1.02
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Diluted
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Net earnings allocated to common stockholders
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$
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9,390
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$
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4,335
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Add back: Preferred Dividends on Series B stock and accretion of discount
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-
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-
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Net earnings allocated to common stockholders
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$
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9,390
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$
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4,335
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Weighted average common shares outstanding for basic earnings per common share (1)
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4,581,465
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4,260,617
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Add: Dilutive effects of assumed exercises of stock options
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38,620
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40,903
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Add: Dilutive effects of assumed exercises of stock warrants
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6,947
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42,210
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Add: Dilutive effects of unvested share-based payment awards
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1,532
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-
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Average shares and dilutive potential common shares
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4,628,564
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4,343,730
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Diluted earnings per common share
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$
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2.03
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$
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1.00
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(1)
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Adjusted for 1-for-5.5 reverse stock split on August 20, 2018. |
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