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Earnings Per Common Share

12 Months Ended

Dec. 31, 2019

Earnings Per Common Share [Abstract]

Earnings Per Common Share

2. Earnings Per Common Share



Basic earnings per common share is derived by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period and does not include the effect of any potentially dilutive common stock equivalents.  Diluted earnings per share is derived by dividing net income available to common shareholders by the weighted-average number of shares outstanding, adjusted for the dilutive effect of outstanding common stock equivalents.  There were no common stock equivalents at December 31, 2019 or December 31, 2018. 



The following table sets forth the calculation of basic and diluted earnings per common share for the years ended December 31, 2019 and 2018:





		2019								2018
					Average		Per Share						Average		Per Share
(in thousands, except for per share amount)		Income			Shares		Amount			Income			Shares		Amount
Basic and Diluted Earnings Per Share:

Net income		$	13,129		7,101		$	1.85		$	10,667		7,079		$	1.51

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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