Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE

v3.20.2
EARNINGS PER COMMON SHARE
9 Months Ended
Sep. 30, 2020
EARNINGS PER COMMON SHARE [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 8 - EARNINGS PER COMMON SHARE

A reconciliation of the numerators and denominators of basic and diluted earnings per common share for the three and nine month periods ended September 30, 2020 and 2019 are as follows (dollars in thousands, except per share data):

   
Three Months
Ended
September 30, 2020
   
Three Months
Ended
September 30, 2019
   
Nine Months
Ended
September 30, 2020
   
Nine Months
Ended
September 30, 2019
 
Net income available to common shares
 
$
7,120
   
$
8,158
   
$
21,169
   
$
23,807
 
Weighted average shares outstanding, including participating stock awards - Basic
   
34,109,901
     
34,060,796
     
34,108,676
     
34,048,087
 
Dilutive potential common shares:
                               
Stock options
   
     
     
     
 
Weighted average shares outstanding - Diluted
   
34,109,901
     
34,060,796
     
34,108,676
     
34,048,087
 
Basic earnings per common share
 
$
0.21
   
$
0.24
   
$
0.62
   
$
0.70
 
Diluted earnings per common share
 
$
0.21
   
$
0.24
   
$
0.62
   
$
0.70
 

There were no antidilutive shares of common stock in the three and nine month periods ended September 30, 2020 and 2019.