XML 28 R18.htm IDEA: XBRL DOCUMENT v3.22.2
Earnings Per Share
 6 Months Ended
Jun. 30, 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 June 30,		For the Six Months
Ended June 30,
(In thousands, except share and per share amounts)2022202120222021
Net income $6,542 $7,563 $12,628 $15,042 
Weighted average shares outstanding11,665,074 12,498,809 11,746,795 12,497,217 
Basic earnings per share$0.56 $0.61 $1.08 $1.20 
 
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)2022202120222021
Net income $6,542 $7,563 $12,628 $15,042 
Weighted average shares outstanding11,665,074 12,498,809 11,746,795 12,497,217 
Effect of diluted stock options and restricted stock 20,776 49,235 31,332 50,884 
Weighted average shares of common stock and common stock equivalents
11,685,850 12,548,044 11,778,127 12,548,101 
Diluted earnings per share$0.56 $0.60 $1.07 $1.20 
        No outstanding options awards were anti-dilutive for the six months ended June 30, 2022 and 2021.