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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes

The components of accumulated other comprehensive income (loss), net of taxes, are as follows:

 

(Dollars in thousands)

 

Unrealized Loss on

Securities

 

 

Defined Benefit

Plan Liability

 

 

Accumulated Other

Comprehensive

Income (Loss)

 

Balance - December 31, 2019

 

$

(128

)

 

$

471

 

 

$

343

 

Balance - December 31, 2018

 

$

(3,242

)

 

$

864

 

 

$

(2,378

)

Basic and Diluted Earnings Per Common Share

 


The following data show the amounts used in computing basic and diluted earnings per common share.

 

(Dollars in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

2018

 

 

2017

 

Net income

 

$

17,701

 

 

$

10,596

 

 

$

7,089

 

Less: Dividends on Series D preferred stock

 

 

 

 

 

102

 

 

 

 

Net income available to common shareholders

 

$

17,701

 

 

$

10,494

 

 

$

7,089

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding (basic)

 

 

8,468,586

 

 

 

7,071,091

 

 

 

4,236,616

 

Effect of dilutive unvested restricted stock grants

 

 

23,487

 

 

 

20,706

 

 

 

15,945

 

Weighted average shares outstanding (diluted)

 

 

8,492,073

 

 

 

7,091,797

 

 

 

4,252,561

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

2.09

 

 

$

1.48

 

 

$

1.67

 

Diluted earnings per common share

 

$

2.09

 

 

$

1.48

 

 

$

1.67