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Earnings Per Share
 3 Months Ended
Mar. 31, 2022
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)20222021
Net income $6,086 $7,479 
Weighted average shares outstanding11,829,245 12,495,606 
Basic earnings per share$0.51 $0.60 
 
Diluted Earnings Per ShareFor the Three Months
Ended March 31,
(In thousands, except share and per share amounts)20222021
Net income $6,086 $7,479 
Weighted average shares outstanding11,829,245 12,495,606 
Effect of diluted stock options and restricted stock 42,780 51,531 
Weighted average shares of common stock and common stock equivalents
11,872,025 12,547,137 
Diluted earnings per share$0.51 $0.60 
        No outstanding options awards were anti-dilutive for the three months ended March 31, 2022 and 2021.