Earnings Per Common Share ("EPS") (Tables)

3 Months Ended

Mar. 31, 2020

Reconciliation of Earnings and Shares Used in Calculating Basic and Diluted EPS

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS (in thousands, except per share amounts).

	Three months ended March 31,
	2020			2019
Net income available to common shareholders	$	762		$	11,156
Weighted average common shares outstanding:
Total shares issued		16,100			16,056
Unvested restricted stock awards		(4	)		(3	)
Treasury shares		(90	)		(123	)
Total basic weighted average common shares outstanding		16,006			15,930
Incremental shares from assumed:
Exercise of stock options		—			—
Vesting of restricted stock awards		63			48
Total diluted weighted average common shares outstanding		16,069			15,978
Basic earnings per common share	$	0.05		$	0.70
Diluted earnings per common share	$	0.05		$	0.70

Shares Excluded from Computation of Diluted EPS

For each of the periods presented, average shares subject to the following instruments were excluded from the computation of diluted EPS because the effect would be antidilutive:

Stock options	—	—
Restricted stock awards	2	10
Total	2	10