CBM BANCORP, INC. Just Filed Its Quarterly Report: Note 11. Earnings Pe...

Note 11. Earnings Per Common Share
Basic earnings per share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Net income available to comm on stockholders is net income to the Company. Unallocated common shares held by the ESOP are not included in the weighted average number of common shares outstanding for purposes of calculating earnings per share until they are committed to be released. Basic earnings per share excludes dilution and is computed by dividing net income by weighted average number of common shares outstanding during the period. Dilutive earnings per share reflects the potential dilution that could occur if stock options were exercised and is computed by dividing net income by the dilutive weighted average number of common shares outstanding during the period.
 
   
Three Months Ended
March 31, 2020
   
Three Months Ended

March 31, 2019
 
Net income
  $173,763   $272,023 
  
 
 
   
 
 
 
Weighted average common shares outstanding - basic
   3,804,938    3,927,296 
  
 
 
   
 
 
 
Weighted average common shares outstanding - dilutive
   3,804,938    3,927,296 
  
 
 
   
 
 
 
Earnings per common share, basic and diluted
  $0.05   $0.07 
  
 
 
   
 
 
 

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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