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EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2020

EARNINGS PER SHARE

Schedule of Calculation of Basic and Diluted earnings per share

The calculation of basic and diluted earnings per share for the three and nine months ended September 30, 2020 and 2019 are as follows (in thousands, except per share data):


		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2020			2019			2020			2019
Basic earnings per share
Net income available to common stockholders		$	1,333		$	2,033		$	7,287		$	6,545
Basic weighted-average shares outstanding			34,486			32,490			33,564			32,350

Basic earnings per share		$	0.04		$	0.06		$	0.22		$	0.20

Diluted earnings per share
Net income available to common stockholders		$	1,333		$	2,033		$	7,287		$	6,545
Weighted-average shares outstanding			34,486			32,490			33,564			32,350
Effect of dilutive securities - options and restricted stock			990			1,586			1,151			1,567
Diluted weighted-average shares outstanding			35,476			34,076			34,715			33,917

Diluted earnings per share		$	0.04		$	0.06		$	0.21		$	0.19