Earnings Per Share

6 Months Ended

Jun. 30, 2021

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflects the potential dilution of restricted stock.

The following table presents earnings per share for the three and six months ended June 30, 2021 and 2020.


(in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Numerator
Net income available to common stockholders	$	3,997	$	2,214	$	8,917	$	3,817

Denominator
Weighted average number of common shares
Outstanding for basic earnings per common share	9,499		9,499		9,499		9,499




Weighted-average number of shares outstanding for diluted earnings per common share	9,499		9,499		9,499		9,499

Earnings per share - basic	$	0.42	$	0.23	$	0.94	$	0.40

Earnings per share - diluted	$	0.42	$	0.23	$	0.94	$	0.40