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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2023
Earnings per common share  
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 June 30, 2023 and 2022. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options that were outstanding at June 30, 2023. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At June 30, 2023 and 2022, there were 386,003 and 162,366 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)  2023   2022   2023   2022 
Numerator:                
Net income available to common shareholders  $2,458    7,240    5,161    15,210 
Denominator:                    
Weighted-average common shares outstanding – basic   8,051,131    7,957,631    8,038,642    7,944,814 
Common stock equivalents   17,897    97,279    41,879    130,682 
Weighted-average common shares outstanding – diluted   8,069,028    8,054,910    8,080,521    8,075,496 
Earnings per common share:                    
Basic  $0.31    0.91    0.64    1.91 
Diluted  $0.31    0.90    0.64    1.88