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Earnings Per Share
9 Months Ended
Sep. 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 September 30,
For the Nine Months
Ended September 30,
(In thousands, except share and per share amounts)2021202020212020
Net income $6,521 $4,344 $21,563 $13,268 
Weighted average shares outstanding12,007,689 12,471,070 12,332,248 12,551,480 
Basic earnings per share$0.54 $0.35 $1.75 $1.06 
 
Diluted Earnings Per ShareFor the Three Months
Ended September 30,
For the Nine Months
Ended September 30,
(In thousands, except share and per share amounts)2021202020212020
Net income $6,521 $4,344 $21,563 $13,268 
Weighted average shares outstanding12,007,689 12,471,070 12,332,248 12,551,480 
Effect of diluted stock options and restricted stock 37,207 25,104 46,343 44,692 
Weighted average shares of common stock and common stock equivalents
12,044,896 12,496,174 12,378,591 12,596,172 
Diluted earnings per share$0.54 $0.35 $1.74 $1.05 
        No outstanding options awards were anti-dilutive for the nine months ended September 30, 2021 and 2020.