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Earnings Per Common Share
 6 Months Ended
Jun. 30, 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- and six- month periods ended June 30, 2022 and 2021. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options that were outstanding at June 30, 2022. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At June 30, 2022 and 2021, there were 162,366 and 113,239 options, respectively, that were not considered in computing diluted earnings per common share because they were anti-dilutive.

 

       
   Three months ended
June 30,		  Six months ended
June 30,
(dollars in thousands, except share data)  2022  2021  2022  2021
Numerator:            
Net income available to common shareholders  $7,240   10,323   15,210   20,689 
Denominator:                 
Weighted-average common shares outstanding – basic   7,957,631   7,847,516   7,944,814   7,811,217 
Common stock equivalents   97,279   140,099   130,682   137,077 
Weighted-average common shares outstanding – diluted   8,054,910   7,987,615   8,075,496   7,948,294 
Earnings per common share:                 
Basic  $0.91   1.32   1.91   2.65 
Diluted  $0.90   1.29   1.88   2.60