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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 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 | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(in thousands, except per share and share data) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Net income | ​ | $ | 10,791 | ​ | $ | 10,503 | ​ | $ | 23,803 | ​ | $ | 19,615
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Average number of basic common shares outstanding | ​ |  | 15,139,057 | ​ |  | 15,017,943 | ​ |  | 15,124,533 | ​ |  | 15,014,408
Plus: dilutive effect of stock options and awards outstanding | ​ |  | 40,882 | ​ |  | 59,484 | ​ |  | 61,249 | ​ |  | 79,219
Average number of diluted common shares outstanding(1) | ​ |  | 15,179,939 | ​ |  | 15,077,427 | ​ |  | 15,185,782 | ​ |  | 15,093,627
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Basic | ​ | $ | 0.71 | ​ | $ | 0.70 | ​ | $ | 1.57 | ​ | $ | 1.31
Diluted | ​ | $ | 0.71 | ​ | $ | 0.70 | ​ | ​ | 1.57 | ​ | ​ | 1.30
(1) | Average diluted shares outstanding are computed using the treasury stock method.

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