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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures

Supplemental disclosures of cash flow information and non-cash transactions related to cash flows for the years ended December 31, 2019 and 2018 are as follows:

 

 

 

2019

 

 

2018

 

 

 

(Dollars in Thousands)

 

Cash paid during the year for:

 

 

 

 

 

 

 

 

Interest

 

$

6,533

 

 

$

4,307

 

Income taxes

 

 

131

 

 

 

134

 

Non-cash transactions:

 

 

 

 

 

 

 

 

Assets acquired in settlement of loans

 

 

1,340

 

 

 

1,068

 

Reissuance of treasury stock as compensation

 

 

42

 

 

 

—

 

Assets acquired in business acquisition

 

 

—

 

 

 

164,690

 

Liabilities assumed in business acquisition

 

 

—

 

 

 

150,812

 
Schedule of Earnings Per Share, Basic and Diluted The following table reflects weighted average shares used to calculate basic and diluted net income per share for the years ended December 31, 2019 and 2018.

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

Basic shares

 

 

6,386,946

 

 

 

6,276,670

 

Dilutive shares

 

 

412,800

 

 

 

377,951

 

Diluted shares

 

 

6,799,746

 

 

 

6,654,621

 

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

 

(Dollars in Thousands,

Except Per Share Data)

 

Net income

 

$

4,566

 

 

$

2,490

 

Basic net income per share

 

$

0.71

 

 

$

0.40

 

Diluted net income per share

 

$

0.67

 

 

$

0.37