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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2022
EARNINGS PER SHARE  
EARNINGS PER SHARE

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NOTE 7.           EARNINGS PER SHARE

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The following table presents the calculation of earnings per share:

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​

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​

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

(in thousands, except per share and share data)

    

2022

    

2021

    

2022

    

2021

Net income

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$

10,503

​

$

9,025

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$

19,615

​

$

18,505

​

​

​

​

​

​

​

​

​

​

​

​

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Average number of basic common shares outstanding

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15,017,943

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14,965,398

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15,014,408

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14,949,564

Plus: dilutive effect of stock options and awards outstanding

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59,484

​

 

76,427

​

 

79,219

​

 

76,130

Average number of diluted common shares outstanding(1)

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15,077,427

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15,041,825

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15,093,627

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15,025,694

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​

​

​

​

​

​

​

​

​

​

​

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Earnings per share:

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​

 

  

​

 

  

​

 

  

Basic

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$

0.70

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$

0.60

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$

1.31

​

$

1.24

Diluted

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$

0.70

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$

0.60

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$

1.30

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$

1.23

(1)Average diluted shares outstanding are computed using the treasury stock method.