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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Common Share | NOTE 8 – 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, 2023 and 2022. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options that were outstanding at March 31, 2023. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At March 31, 2023 and 2022, there were 205,689 and 9,000 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) |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |
Net income available to common shareholders |  | $ | 2,703 |  |  |  | 7,970 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding – basic |  |  | 8,025,876 |  |  |  | 7,931,855 |
Common stock equivalents |  |  | 66,394 |  |  |  | 164,455 |
Weighted-average common shares outstanding – diluted |  |  | 8,092,270 |  |  |  | 8,096,310 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.34 |  |  |  | 1.00 |
Diluted |  |  | 0.33 |  |  |  | 0.98 |

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