Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted income per share. Basic income per share is determined using the weighted average shares of common stock outstanding during the period. Diluted income per share is determined using the weighted average shares of common stock outstanding during the period, and assumes all potentially dilutive securities were converted into common shares at the earliest date possible. There were no potentially dilutive securities outstanding during the three months ended March 31, 2020 and 2019.



	Three Months Ended March 31,
(Amounts in thousands, except share and per share amounts)	2020		2019
Net income	$	4,572	$	17,865

Weighted average shares outstanding – basic and diluted	5,118,698		5,117,347

Net income per common share – basic and diluted	$	0.89	$	3.49