Summary of Computation of Basic and Diluted Earnings per Share |
The following table sets forth the computation of basic and diluted earnings per share for the three months and nine months ended September 30, 2020 and 2019.
|
For the three months ended
September 30, |
|
|
For the nine months ended September 30, |
|
|
2020 |
|
|
2019 |
|
|
2020 |
|
|
2019 |
|
Net income |
$ |
5,059,000 |
|
|
$ |
1,253,000 |
|
|
$ |
12,116,000 |
|
|
$ |
4,071,000 |
|
Net (income) loss attributable to noncontrolling interest |
|
4,000 |
|
|
|
(3,000 |
) |
|
|
(1,000 |
) |
|
|
(21,000 |
) |
Net income available to common shareholders |
$ |
5,063,000 |
|
|
$ |
1,250,000 |
|
|
$ |
12,115,000 |
|
|
$ |
4,050,000 |
|
Weighted average common shares |
|
5,718,621 |
|
|
|
4,346,866 |
|
|
|
5,680,930 |
|
|
|
3,998,267 |
|
Effect of dilutive securities |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Diluted average common shares |
|
5,718,621 |
|
|
|
4,346,866 |
|
|
|
5,680,930 |
|
|
|
3,998,267 |
|
Earnings per common share |
$ |
0.88 |
|
|
$ |
0.29 |
|
|
$ |
2.13 |
|
|
$ |
1.01 |
|
Diluted earnings per common share |
$ |
0.88 |
|
|
$ |
0.29 |
|
|
$ |
2.13 |
|
|
$ |
1.01 |
|
|