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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2020
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

Plans

 

 

Accumulated Other

Comprehensive

(Loss) Income

 

Balance - September 30, 2020

 

$

(19

)

 

$

(265

)

 

$

(284

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance - December 31, 2019

 

$

(128

)

 

$

471

 

 

$

343

 

Basic and Diluted Earnings Per Common Share The following data shows the amounts used in computing basic and diluted earnings per common share.

 

(Dollars in thousands, except per share data)

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2020

 

 

 

2019

 

 

2020

 

 

 

2019

 

Net income

$

6,547

 

 

$

4,813

 

 

 

$

17,198

 

 

$

13,293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic)

 

8,415,252

 

 

 

8,473,080

 

 

 

 

8,447,417

 

 

 

8,465,249

 

Effect of dilutive unvested restricted stock grants

 

3,678

 

 

 

5,638

 

 

 

 

580

 

 

 

3,051

 

Weighted average common shares outstanding (diluted)

 

8,418,930

 

 

 

8,478,718

 

 

 

 

8,447,997

 

 

 

8,468,300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

$

0.78

 

 

$

0.57

 

 

 

$

2.04

 

 

$

1.57

 

Diluted earnings per common share

$

0.78

 

 

$

0.57

 

 

 

$

2.04

 

 

$

1.57