Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.19.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
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 Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income

 

$

136,845

 

 

$

395,474

 

 

$

324,668

 

 

$

454,601

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average number of common shares outstanding - basic

 

 

7,640,991

 

 

 

7,619,549

 

 

 

7,635,885

 

 

 

7,619,509

 

Net effect of dilutive unvested restricted stock awards included for treasury stock method

 

 

9,305

 

 

 

734

 

 

 

7,095

 

 

 

490

 

Average number of common shares outstanding - diluted

 

 

7,650,296

 

 

 

7,620,283

 

 

 

7,642,980

 

 

 

7,619,999

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.02

 

 

$

0.05

 

 

$

0.04

 

 

$

0.06

 

Diluted

 

$

0.02

 

 

$

0.05

 

 

$

0.04

 

 

$

0.06