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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2024
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)

    

2024

    

2023

    

2024

    

2023

Net income

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$

10,257

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$

10,791

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$

20,352

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$

23,803

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Average number of basic common shares outstanding

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15,227,457

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15,139,057

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15,212,897

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15,124,533

Plus: dilutive effect of stock options and awards outstanding

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47,964

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40,882

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59,782

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61,249

Average number of diluted common shares outstanding(1)

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15,275,421

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15,179,939

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15,272,679

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15,185,782

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Earnings per share:

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Basic

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$

0.67

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$

0.71

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$

1.34

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$

1.57

Diluted

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0.67

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0.71

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1.33

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1.57

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