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Earnings Per Share | 6 Months Ended
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Jun. 30, 2019
Earnings Per Share [Abstract] |
Earnings Per Share |
16. | Earnings Per Share
Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. There were no potentially dilutive common stock equivalents as of June 30, 2019. Earnings per share data is not applicable for the period ended June 30, 2018 because the Company had not yet been formed and had no shares outstanding.
(Dollars in thousands, except for per share data) |  | Three months ended June 30, 2019 |  |  | Six months ended June 30, 2019 |
|  | (unaudited) |  |  | (unaudited) |
Net income applicable to common stock |  | $ | 1,221 |  |  | $ | 2,132 |
Average number of common shares outstanding |  |  | 11,133,290 |  |  |  | 11,133,290 |
Less: Average unallocated ESOP shares |  |  | 428,243 |  |  |  | 430,970 |
Average number of common shares outstanding used to calculate basic earnings per common share |  |  | 10,705,047 |  |  |  | 10,702,320 |
Earnings per Common share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.11 |  |  | $ | 0.20 |
Diluted |  | $ | 0.11 |  |  | $ | 0.20 |

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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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