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Earnings per share | 9 Months Ended
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Sep. 30, 2023
Earnings per share |
Earnings per share | ​ 3. Earnings per share: ​ Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. ​ The following table presents the calculation of both basic and diluted earnings per share of common stock for the three and nine months ended September 30, 2023 and 2022: ​
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(Dollars in thousands, except per share data) | ​ | 2023 | ​ | 2022
For the Three Months Ended September 30, |  | Basic |  | Diluted |  | Basic |  | Diluted
Net income |  | $ | 6,746 |  | $ | 6,746 |  | $ | 9,968 |  | $ | 9,968
Average common shares outstanding | ​ |  | 7,088,745 | ​ |  | 7,120,685 | ​ |  | 7,169,809 | ​ |  | 7,213,147
Earnings per share | ​ | $ | 0.95 | ​ | $ | 0.95 | ​ | $ | 1.39 | ​ | $ | 1.38
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(Dollars in thousands, except per share data) | ​ | 2023 | ​ | 2022
For the Nine Months Ended September 30, | ​ | Basic | ​ | Diluted | ​ | Basic | ​ | Diluted
Net income |  | $ | 23,750 |  | $ | 23,750 |  | $ | 28,951 | ​ | $ | 28,951
Average common shares outstanding | ​ |  | 7,130,506 | ​ |  | 7,165,570 | ​ |  | 7,171,382 | ​ |  | 7,214,966
Earnings per share | ​ | $ | 3.33 | ​ | $ | 3.31 | ​ | $ | 4.04 | ​ | $ | 4.01
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