Three Months Ended

Nine Months Ended

September 30,

(in thousands, except per share and share data)

2020

2019

2020

2019

Net income

$

8,402

$

5,015

$

24,604

$

18,413

Average number of basic common shares outstanding

15,079,413

15,547,276

15,358,803

15,536,414

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

23,421

34,027

23,063

45,282

Average number of diluted common shares outstanding

15,102,834

15,581,303

15,381,866

15,581,696

Earnings per share:

Basic

$

0.56

$

0.32

$

1.60

$

1.19

Diluted

$

0.56

$

0.32

$

1.60

$

1.18