Three Months Ended

Six Months Ended

June 30,

(in thousands, except per share and share data)

2020

2019

2020

2019

Net income

$

8,481

$

6,117

$

16,202

$

13,398

Average number of basic common shares outstanding

15,423,997

15,538,282

15,500,033

15,530,893

Plus: dilutive effect of stock options and awards outstanding⁽¹⁾

17,281

47,299

22,960

51,340

Average number of diluted common shares outstanding⁽¹⁾

15,441,278

15,585,581

15,522,993

15,582,233

Earnings per share:

Basic

$

0.55

$

0.39

$

1.05

$

0.86

Diluted

$

0.55

$

0.39

$

1.04

$

0.86