Earnings Per Share

12 Months Ended

Dec. 31, 2020

Note 18. Earnings Per Share

The following table shows the calculation of basic and diluted EPS and the weighted average number of shares outstanding used in computing EPS and the effect on the weighted average number of shares outstanding of dilutive potential common stock. Basic EPS amounts are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding (the denominator). Diluted EPS amounts assume the conversion, exercise, or issuance of all potential common stock instruments, unless the effect is to reduce the loss or increase earnings per common share. The Company had no dilutive common shares outstanding as of and for the years ended December 31, 2020 and 2019.

	For the years ended December 31,
(Dollars in thousands, except per share data)	2020			2019
Net income	$	17,697		$	4,604
Net income attributable to noncontrolling interest		(1	)		(24	)
Net income available to common shareholders	$	17,696		$	4,580
Weighted average common shares outstanding, basic		5,690,404			4,146,980
Effect of dilutive securities		—			—
Weighted average common shares outstanding, dilutive		5,690,404			4,146,980
Basic and diluted earnings per common share	$	3.11		$	1.10