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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2023
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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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)

    

2023

    

2022

    

2023

    

2022

Net income

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$

10,791

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$

10,503

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$

23,803

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$

19,615

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Average number of basic common shares outstanding

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15,139,057

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15,017,943

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15,124,533

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15,014,408

Plus: dilutive effect of stock options and awards outstanding

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40,882

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59,484

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61,249

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79,219

Average number of diluted common shares outstanding(1)

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15,179,939

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15,077,427

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15,185,782

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15,093,627

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Earnings per share:

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Basic

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$

0.71

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$

0.70

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$

1.57

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$

1.31

Diluted

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$

0.71

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$

0.70

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1.57

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1.30

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