Loss per Share |
Amounts reported in earnings per share reflect net income available to common stockholders for the period divided by the weighted average number of shares of common stock outstanding during the period, exclusive of unearned ESOP shares and unvested restricted stock shares. Stock options and restricted stock are regarded as potential common stock and are considered in the diluted earnings per share calculations to the extent that they would have a dilutive effect if converted to common stock. | | | | | | | | | | | | | | For the years ended December 31, | | 2015 | | 2014 | | 2013 | Net income available to common stockholders | $ | 8,675 |
| | $ | 40,614 |
| | $ | 3,298 |
| Average common shares outstanding | 20,708,775 |
| | 21,101,966 |
| | 21,091,399 |
| Less: | | | | | | Unearned ESOP shares | (780,227 | ) | | (905,235 | ) | | (1,054,140 | ) | Unvested restricted stock shares | (10,545 | ) | | (19,460 | ) | | (16,421 | ) | Weighted average common shares outstanding | 19,918,003 |
| | 20,177,271 |
| | 20,020,838 |
| Add - Net effect of dilutive stock options and unvested restricted stock | 3,516 |
| | 9,105 |
| | 4,483 |
| Weighted average dilutive common shares outstanding | 19,921,519 |
| | 20,186,376 |
| | 20,025,321 |
| Basic earnings per common share | $ | 0.44 |
| | $ | 2.01 |
| | $ | 0.16 |
| Diluted earnings per common share | $ | 0.44 |
| | $ | 2.01 |
| | $ | 0.16 |
| Number of antidilutive stock options excluded from the diluted earnings per share calculation | 536,459 |
| | — |
| | — |
| Weighted average exercise price of anti-dilutive option shares | $ | 12.99 |
| | $ | — |
| | $ | — |
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