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Earnings Per Share
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

10. Earnings Per Share

Basic and diluted earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period.  The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share amounts):

 

 

 

Three Months Ended

June 30,

 

 

Six months ended

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net income (loss)

 

$

1,505

 

 

$

(2,884

)

 

$

(3,220

)

 

$

(3,564

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares, basic and diluted*

 

 

9,595,668

 

 

 

8,370,782

 

 

 

9,594,221

 

 

 

8,411,835

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per common share, basic and diluted

 

$

0.16

 

 

$

(0.34

)

 

$

(0.34

)

 

$

(0.42

)

 

*

The nonvested shares of the restricted stock units were anti-dilutive as of June 30, 2020 and 2019.  Therefore, the basic and diluted weighted average common shares are equal for the three and six months ended June 30, 2020 and 2019.