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EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

Note 21—EARNINGS PER COMMON SHARE

The following reconciles the numerator and denominator of the basic and diluted earnings per common share computation:

		Year ended December 31,
(Amounts in thousands)		2020				2019				2018
Numerator (Included in basic and diluted earnings per share)		$	10,099			$	10,971			$	11,229
Denominator
Weighted average common shares outstanding for:
Basic earnings per common share			7,446				7,510				7,581
Dilutive securities:
Deferred compensation			36				58				84
Warrants—Treasury stock method			—				20				65
Diluted common shares outstanding			7,482				7,588				7,730
Basic earnings per common share		$	1.36			$	1.46			$	1.48
Diluted earnings per common share		$	1.35			$	1.45			$	1.45
The average market price used in calculating assumed number of shares		$	15.89			$	19.32			$	23.26

On December 16, 2011 there were 107,500 warrants issued in connection with the issuance of $2.5 million in subordinated debt (See Note 17). As shown above, the warrants were dilutive for the periods ended December 31, 2020, December 31, 2019 and December 31, 2018. As of December 31, 2020 there were no warrants outstanding.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

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