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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2023
EARNINGS PER SHARE |
EARNINGS PER SHARE | ​ NOTE 7. 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) |  | 2023 |  | 2022
Net income | ​ | $ | 13,012 | ​ | $ | 9,112
​ | ​ | ​ | ​ | ​ | ​ | ​
Average number of basic common shares outstanding | ​ |  | 15,109,847 | ​ |  | 15,010,834
Plus: dilutive effect of stock options and awards outstanding | ​ |  | 80,242 | ​ |  | 90,951
Average number of diluted common shares outstanding(1) | ​ |  | 15,190,089 | ​ |  | 15,101,785
​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share: | ​ |  |  | ​ |  |
Basic | ​ | $ | 0.86 | ​ | $ | 0.61
Diluted | ​ | ​ | 0.86 | ​ | ​ | 0.60
(1) | Average diluted shares outstanding are computed using the treasury stock method.

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