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4. Net Earnings Per Share
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
4. Net Earnings Per Share

Net earnings per share is based on the weighted average number of shares outstanding during the period while the effects of potential shares outstanding during the period are included in diluted earnings per share. The average market price during the applicable period is used to compute equivalent shares.

 

The reconciliation of the amounts used in the computation of both “basic earnings per share” and “diluted earnings per share” for the three and six months ended June 30, 2020 and 2019 is as follows:

 

For the three months ended June 30, 2020         
   Net
Earnings
(Dollars in
thousands)		  Weighted
Average
Number
of Shares		  Per
Share
Amount
Basic earnings per share  $2,561    5,787,504   $0.44 
Effect of dilutive securities:               
Restricted stock units   —      13,127      
Diluted earnings per share  $2,561    5,800,631   $0.44 

 

For the six months ended June 30, 2020         
   Net
Earnings
(Dollars in
thousands)		  Weighted
Average
Number
of Shares		  Per
Share
Amount
Basic earnings per share  $4,928    5,828,965   $0.84 
Effect of dilutive securities:               
Restricted stock units   —      13,284      
Diluted earnings per share  $4,928    5,842,249   $0.84 

 

For the three months ended June 30, 2019         
   Net
Earnings
(Dollars in
thousands)		  Weighted
Average
Number
of Shares		  Per
Share
Amount
Basic earnings per share  $3,813    5,940,556   $0.64 
Effect of dilutive securities:               
Restricted stock units   —      24,453      
Diluted earnings per share  $3,813    5,965,009   $0.64 

 

For the six months ended June 30, 2019         
   Net
Earnings
(Dollars in
thousands)		  Weighted
Average
Number
of Shares		  Per
Share
Amount
Basic earnings per share  $7,480    5,968,368   $1.25 
Effect of dilutive securities:               
Restricted stock units   —      24,412      
Diluted earnings per share  $7,480    5,992,780   $1.25