Three Months Ended

Nine Months Ended

September 30,

(in thousands, except per share and share data)

2022

2021

2022

2021

Net income

$

11,430

$

11,028

$

31,045

$

29,533

Average number of basic common shares outstanding

15,057,598

14,982,766

15,028,963

14,960,753

Plus: dilutive effect of stock options and awards outstanding

55,757

67,990

71,317

73,829

Average number of diluted common shares outstanding⁽¹⁾

15,113,355

15,050,756

15,100,280

15,034,582

Earnings per share:

Basic

$

0.76

$

0.74

$

2.07

$

1.97

Diluted

$

0.76

$

0.73

$

2.06

$

1.96