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Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2019
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | NOTE 22 – EARNINGS PER COMMON SHARE The two-class method is used in the calculation of basic and diluted earnings per share. Under the two-class method, earnings available to common stockholders for the period are allocated between common stockholders and participating securities (certain unvested share-based awards and Series C preferred stock outstanding) according to dividends declared (or accumulated) and participation rights in undistributed earnings. The factors used in the earnings per share computation follow: ﻿
﻿ |  |  |  |  |
﻿ | December 31, 2019 |  | December 31, 2018
﻿Basic |  |  |  |  |
﻿Net income | $ | 9,601 |  | $ | 4,273
﻿Dividends on Series B preferred stock, accretion of discount and value of warrants exercised |  | 219 |  |  | 62
﻿Earnings allocated to participating securities (Series C preferred stock) |  | (430) |  |  | -
﻿Net income allocated to common stockholders | $ | 9,390 |  | $ | 4,335
﻿ |  |  |  |  |
﻿Weighted average common shares outstanding including unvested share-based payment awards (1) |  | 4,582,997 |  |  | 4,260,617
﻿Less: Unvested share-based payment awards |  | (1,532) |  |  | -
﻿Average shares |  | 4,581,465 |  |  | 4,260,617
﻿Basic earnings per common share | $ | 2.05 |  | $ | 1.02
﻿ |  |  |  |  |
﻿Diluted |  |  |  |  |
﻿Net earnings allocated to common stockholders | $ | 9,390 |  | $ | 4,335
﻿Add back: Preferred Dividends on Series B stock and accretion of discount |  | - |  |  | -
﻿Net earnings allocated to common stockholders | $ | 9,390 |  | $ | 4,335
﻿ |  |  |  |  |
﻿Weighted average common shares outstanding for basic earnings per common share (1) |  | 4,581,465 |  |  | 4,260,617
﻿Add: Dilutive effects of assumed exercises of stock options |  | 38,620 |  |  | 40,903
﻿Add: Dilutive effects of assumed exercises of stock warrants |  | 6,947 |  |  | 42,210
﻿Add: Dilutive effects of unvested share-based payment awards |  | 1,532 |  |  | -
﻿Average shares and dilutive potential common shares |  | 4,628,564 |  |  | 4,343,730
﻿Diluted earnings per common share | $ | 2.03 |  | $ | 1.00
﻿
| (1) |  | Adjusted for 1-for-5.5 reverse stock split on August 20, 2018.
﻿ ﻿ The following potential common shares were anti-dilutive and not considered in computing diluted earnings per common share. ﻿
﻿ |  |  |  |  |
﻿ |  | 2019 |  |  | 2018
﻿Stock options |  | 463 |  |  | 792
﻿

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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 + Details
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