Summary Of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Summary Of Significant Accounting Policies [Abstract]

Earnings Per Common Share

	Three months ended
	March 31,
	2021		2020
	(unaudited)
Basic
Net income	$	6,421	$	2,006
Earnings allocated to participating securities (Series C preferred stock) (1)		-		(377)
Net income allocated to common stockholders	$	6,421	$	1,629
Weighted average common shares outstanding including unvested share-based payment awards		6,623,970		5,373,897
Less: Unvested share-based payment awards-2019 Plan		(86,219)		(39,950)
Average shares		6,537,751		5,333,947
Basic earnings per common share	$	0.98	$	0.31
Diluted
Net earnings allocated to common stockholders	$	6,421	$	1,629
Add back: Preferred Dividends on Series B preferred stock and accretion of discount		-		-
Net earnings allocated to common stockholders	$	6,421	$	1,629
Weighted average common shares outstanding for basic earnings per common share		6,537,751		5,333,947
Add:  Dilutive effects of assumed exercises of stock options		46,621		26,421
Add:  Dilutive effects of unvested share-based payment awards-2019 Plan		86,219		39,950
Average shares and dilutive potential common shares		6,670,591		5,400,318
Diluted earnings per common share	$	0.96	$	0.30

⁽¹⁾ All 12,607 outstanding shares of Series C preferred stock were converted into a total of 1,260,700 shares of the Company’s Non-Voting Common Stock effective as of the close of business on May 28, 2020.

Anti-Dilutive Common Shares

	Three months ended March 31,
	2021	2020
	(unaudited)
Stock options	-	451