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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Components of Basic and Diluted Net Income per Common Share The components of basic and diluted net income per common share available to common stockholders for the three months ended March 31, 2021 and 2020 were as follows:

 

 

Three months ended March 31,

 

 

 

2021

 

 

2020

 

Basic Net Income per Common Share

 

 

 

 

 

 

 

 

Available to Common Stockholders:

 

 

 

 

 

 

 

 

Net income

 

$

4,109,000

 

 

$

9,999,000

 

Weighted average common shares outstanding

 

 

17,299,927

 

 

 

16,693,183

 

Basic earnings per common share

 

$

0.24

 

 

$

0.60

 

 

 

 

 

 

 

 

 

 

Diluted Net Income per Common Share

 

 

 

 

 

 

 

 

Available to Common Stockholders:

 

 

 

 

 

 

 

 

Net income applicable to diluted earnings per share

 

$

4,109,000

 

 

$

9,999,000

 

Weighted average common shares outstanding

 

 

17,299,927

 

 

 

16,693,183

 

Dilutive potential common shares:

 

 

 

 

 

 

 

 

Restricted stock awarded

 

 

53,020

 

 

 

46,908

 

Dilutive potential common shares

 

 

53,020

 

 

 

46,908

 

Diluted weighted average common shares outstanding

 

 

17,352,947

 

 

 

16,740,091

 

Diluted earnings per common share

 

$

0.24

 

 

$

0.60

 

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