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Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2020
Earnings per common share |
Earnings Per Common Share | NOTE 9 – Earnings Per Common Share The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the three and six month periods ended June 30, 2020 and 2019. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options that were outstanding at June 30, 2020. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At June 30, 2020 and 2019, there were 336,601 and 262,831 options, respectively, that were not considered in computing diluted earnings per common share because they were anti-dilutive.
|  | Three months ended |  | Six months ended
|  | June 30, |  | June 30,
(dollars in thousands, except share data) |  |  | 2020 |  | 2019 |  | 2020 |  | 2019
Numerator: |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 4,678 |  | 7,240 |  | 7,510 |  | 13,249
Denominator: |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding – basic |  |  | 7,722,419 |  | 7,495,508 |  | 7,700,508 |  | 7,477,525
Common stock equivalents |  |  | 96,232 |  | 260,313 |  | 122,404 |  | 271,354
Weighted-average common shares outstanding – diluted |  |  | 7,818,651 |  | 7,755,821 |  | 7,822,912 |  | 7,748,879
Earnings per common share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.61 |  | 0.97 |  | 0.98 |  | 1.77
Diluted |  | $ | 0.60 |  | 0.93 |  | 0.96 |  | 1.71

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