XML 29 R16.htm IDEA: XBRL DOCUMENT v3.21.2
Earnings Per Share
 6 Months Ended
Jun. 30, 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 June 30,		For the Six Months
Ended June 30,
(In thousands, except share and per share amounts)2021202020212020
Net income $7,563 $2,301 $15,042 $8,924 
Weighted average shares outstanding12,498,809 12,449,283 12,497,217 12,592,126 
Basic earnings per share$0.61 $0.18 $1.20 $0.71 
 
Diluted Earnings Per ShareFor the Three Months
Ended June 30,		For the Six Months
Ended June 30,
(In thousands, except share and per share amounts)2021202020212020
Net income $7,563 $2,301 $15,042 $8,924 
Weighted average shares outstanding12,498,809 12,449,283 12,497,217 12,592,126 
Effect of dilutive stock options49,235 37,398 50,884 54,277 
Weighted average shares of common stock and common stock equivalents
12,548,044 12,486,681 12,548,101 12,646,403 
Diluted earnings per share$0.60 $0.18 $1.20 $0.71 
        No outstanding options or restricted stock awards were anti-dilutive for the six months ended June 30, 2021 and 2020.