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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Common Share

NOTE 9 – Earnings Per Common Share

 

The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the three-month periods ended March 31, 2022 and 2021. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options that were outstanding at March 31, 2022. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At March 31, 2022 and 2021, there were 9,000 and 210,899 options, respectively, that were not considered in computing diluted earnings per common share because they were anti-dilutive.

 

     
   Three months ended
March 31,		 
(dollars in thousands, except share data)  2022   2021 
Numerator:          
Net income available to common shareholders  $7,970   $10,366 
Denominator:          
Weighted-average common shares outstanding – basic   7,931,855    7,774,515 
Common stock equivalents   164,455    134,022 
Weighted-average common shares outstanding – diluted   8,096,310    7,908,537 
Earnings per common share:          
Basic  $1.00   $1.33 
Diluted  $0.98   $1.31