Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Common Share

v3.8.0.1
Basic and Diluted Earnings Per Common Share
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share

NOTE 9. BASIC AND DILUTED EARNINGS PER COMMON SHARE

The following table presents the computation of basic and diluted EPS:

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

 

 

(Dollars in thousands, except per share data)

 

Net income as reported

 

$

2,013

 

 

$

219

 

Less: Participated securities share of undistributed earnings

 

 

 

 

 

4

 

Net income available to common stockholders

 

$

2,013

 

 

$

215

 

Weighted average number of common shares - basic

 

 

7,348,992

 

 

 

7,099,941

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Employee stock-based compensation awards and warrants

 

 

194,614

 

 

 

306,287

 

Weighted average number of common shares - diluted

 

 

7,543,606

 

 

 

7,406,228

 

Basic earnings per common share

 

$

0.27

 

 

$

0.03

 

Diluted earnings per common share

 

$

0.27

 

 

$

0.03

 

Anti-dilutive warrants and stock options

 

 

391,877

 

 

 

292,100