Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per ShareBasic 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 and six months ended June 30, 2020 and 2019.


(dollars in thousands, except per share data)	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Numerator
Net income available to common stockholders	$	2,214	$	2,101	$	3,817	$	4,936

Denominator
Weighted average number of common shares
Outstanding for basic earnings per common share	9,499		9,089		9,499		8,765




Weighted-average number of shares outstanding for diluted earnings per common share	9,499		9,089		9,499		8,765

Earnings per share - basic	$	0.23	$	0.23	$	0.40	$	0.56

Earnings per share - diluted	$	0.23	$	0.23	$	0.40	$	0.56