Earnings per Share

3 Months Ended

Mar. 31, 2021

(4) Earnings per Share

Basic earnings per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. The following table sets forth the computation of basic and diluted EPS for the three months ended March 31, 2021 and March 31, 2020 (dollars in thousands, except per share data):


	Three Months Ended March 31,
	2021		2020
Net income available to common stockholders	$	2,123	$	1,110

Basic EPS:
Weighted average shares outstanding		4,639,890		4,544,408
Basic EPS	$	0.46	$	0.24

Diluted EPS:
Weighted average shares outstanding		4,639,890		4,544,408
Dilutive effect of common stock equivalents		13,735		82,665
Total diluted weighted average shares outstanding		4,653,625		4,627,073
Diluted EPS	$	0.46	$	0.24

Options to purchase 29,790 and 234,339 shares of common stock were outstanding as of March 31, 2021 and March 31, 2020 respectively, with an average exercise price of $16.50 and $17.02, respectively. There were no anti-dilutive shares as of March 31, 2021 or March 31, 2020.

As of March 31, 2021 and March 31, 2020, there were 3,140 and 8,297 shares of outstanding restricted stock, respectively, that were not fully vested and were taken into consideration in the computation of both basic and diluted earnings per common share.

Standard AVB Financial Corp. 10-Q