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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 8. EARNINGS PER SHARE ​ The following table presents the calculation of earnings per share: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
(in thousands, except per share and share data) |  | 2020 |  | 2019
Net income | ​ | $ | 7,721 | ​ | $ | 7,281
​ | ​ | ​ | ​ | ​ | ​ | ​
Average number of basic common shares outstanding | ​ |  | 15,558,132 | ​ |  | 15,523,423
Plus: dilutive effect of stock options and awards outstanding (1) | ​ |  | 34,463 | ​ |  | 63,226
Average number of diluted common shares outstanding (1) | ​ |  | 15,592,595 | ​ |  | 15,586,649
​ | ​ | ​ | ​ | ​ | ​ | ​
Anti-dilutive options excluded from earnings calculation | ​ |  | — | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share: | ​ |  |  | ​ |  |
Basic | ​ | $ | 0.50 | ​ | $ | 0.47
Diluted | ​ | $ | 0.50 | ​ | $ | 0.47
(1) | Average diluted shares outstanding are computed using the treasury stock method.
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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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