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Earnings per Common Share

12 Months Ended

Dec. 31, 2020

Earnings per Common Share

Earnings per Common Share

(2) Earnings per Common Share

Basic earnings per common share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period reduced by unearned ESOP Plan shares and treasury shares. Diluted earnings per common share takes into account the potential dilution computed pursuant to the treasury stock method that could occur if stock options were exercised and converted into common stock and if restricted stock awards were vested. The effects of stock options are excluded from the computation of diluted earnings per share in periods in which the effect would be anti-dilutive.

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​	​	​	​	​	​	​
​	​	Year Ended
​	​	December 31,
(dollars in thousands, except per share data)		2020			2019
Numerator:	​	​	​	​	​	​
Net income available to common stockholders	​	$	26,438	​	​	10,481
Denominator for basic earnings per share	​	​	​	​	​	​
Weighted average shares outstanding	​	​	6,159	​	​	6,407
Average unearned ESOP shares	​	​	(37)	​	​	—
Basic weighted averages shares outstanding	​	​	6,122	​	​	6,407
Effect of dilutive common shares	​	​	65	​	​	31
Denominator for diluted earnings per share - adjusted weighted average shares outstanding	​	​	6,187	​	​	6,438
Basic earnings per share	​	$	4.32	​	​	1.64
Diluted earnings per share	​	$	4.27	​	​	1.63
Antidilutive shares excluded from computation of average dilutive earnings per share	​	​	275	​	​	199

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- References

No definition available.

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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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