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Earnings Per Share
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
 
Basic earnings per share (EPS), which excludes dilution, is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period.  Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options or restricted stock awards, result in the
issuance of common stock which shares in the earnings of the Company.  A reconciliation of the numerators and denominators of the basic and diluted EPS computations is as follows:
Basic Earnings Per ShareFor the Three Months
Ended March 31,
(In thousands, except share and per share amounts)20212020
Net income $7,479 $6,623 
Weighted average shares outstanding12,495,606 12,734,971 
Basic earnings per share$0.60 $0.52 
 
Diluted Earnings Per ShareFor the Three Months
Ended March 31,
(In thousands, except share and per share amounts)20212020
Net income $7,479 $6,623 
Weighted average shares outstanding12,495,606 12,734,971 
Effect of dilutive stock options51,531 44,125 
Weighted average shares of common stock and common stock equivalents
12,547,137 12,779,096 
Diluted earnings per share$0.60 $0.52 
        No outstanding options or restricted stock awards were anti-dilutive for the three months ended March 31, 2021 and 2020.