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Earnings Per Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 4 – EARNINGS PER SHARE Earnings per share are based on the weighted average number of shares outstanding during the period. A computation of basic earnings per share and diluted earnings per share follows:
| Three Months Ended |  |  | Nine Months Ended |
(Dollars in thousands, except share data) | September 30, |  |  | September 30, |
| 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Basic |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 7,348 |  |  | $ | 5,122 |  |  | $ | 19,568 |  |  | $ | 15,968 |
Weighted average common shares outstanding |  | 8,567,548 |  |  |  | 7,537,996 |  |  |  | 7,898,938 |  |  |  | 7,528,887 |
Basic earnings per common shares | $ | 0.86 |  |  | $ | 0.68 |  |  | $ | 2.48 |  |  | $ | 2.12 |
Diluted |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 7,348 |  |  | $ | 5,122 |  |  | $ | 19,568 |  |  | $ | 15,968 |
Weighted average common shares outstanding |  | 8,567,548 |  |  |  | 7,537,996 |  |  |  | 7,898,938 |  |  |  | 7,528,887 |
Plus dilutive stock options and restricted stock units |  | 47,952 |  |  |  | 30,038 |  |  |  | 45,205 |  |  |  | 33,273 |
Weighted average common shares outstanding and potentially dilutive shares |  | 8,615,500 |  |  |  | 7,568,034 |  |  |  | 7,944,143 |  |  |  | 7,562,160 |
Diluted earnings per common share | $ | 0.85 |  |  | $ | 0.68 |  |  | $ | 2.46 |  |  | $ | 2.12 |
There were no stock options that were considered anti-dilutive to earnings per share for the three months ended September 30, 2024 and 3,000 stock options that were considered anti-dilutive to earnings per share for the nine months ended September 30, 2024. There were 15,000 stock options that were considered anti-dilutive to earnings per share for the three and nine months ended September 30, 2023.

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