Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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 and common stock warrants. Net income available to common stockholders represents net income after preferred stock dividends. The following table presents earnings per share for the three month period ended March 31, 2020 and 2019.

(dollars in thousands except per share data)	Three Months Ended March 31,
	2020		2019
Numerator
Net income available to common stockholders	$	1,603	$	2,835
Denominator
Weighted average number of common shares
Outstanding for basic earnings per common share	9,499		8,440
Weighted-average number of shares outstanding for diluted earnings per common share	9,499		8,440
Earnings per share - basic	$	0.17	$	0.34
Earnings per share - diluted	$	0.17	$	0.34