XML 25 R14.htm IDEA: XBRL DOCUMENT v3.20.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
 
Basic earnings per share (EPS), which excludes dilution, is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period.  Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options or restricted stock awards, result in the issuance of common stock which shares in the earnings of the Company.  A reconciliation of the numerators and denominators of the basic and diluted EPS computations is as follows:
Basic Earnings Per ShareFor the Three Months
Ended June 30,		For the Six Months
Ended June 30,
(In thousands, except share and per share amounts)2020201920202019
Net income $2,301  $6,087  $8,924  $11,303  
Weighted average shares outstanding12,449,283  13,533,724  12,592,126  13,515,752  
Basic earnings per share$0.18  $0.45  $0.71  $0.84  
 
Diluted Earnings Per ShareFor the Three Months
Ended June 30,		For the Six Months
Ended June 30,
(In thousands, except share and per share amounts)2020201920202019
Net income $2,301  $6,087  $8,924  $11,303  
Weighted average shares outstanding12,449,283  13,533,724  12,592,126  13,515,752  
Effect of dilutive stock options37,398  102,110  54,277  97,114  
Weighted average shares of common stock and common stock equivalents
12,486,681  13,635,834  12,646,403  13,612,866  
Diluted earnings per share$0.18  $0.45  $0.71  $0.83  
         No outstanding options or restricted stock awards were anti-dilutive for the six months ended June 30, 2020 and 2019.