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PER SHARE DATA (Tables)
9 Months Ended
Sep. 30, 2021
PER SHARE DATA  
Schedule of Basic and Diluted earnings per share

(In Thousands, Except Share and Per Share Data)

Three Months Ended

    

Nine Months Ended

September 30, 

September 30, 

September 30, 

September 30, 

    

2021

    

2020

    

2021

    

2020

Basic

  

 

  

 

  

 

  

Net income

$

7,399

$

2,848

$

23,246

$

12,452

Less: Dividends and undistributed earnings allocated to participating securities

 

(63)

 

(18)

 

(189)

 

(74)

Net income attributable to common shares

$

7,336

$

2,830

$

23,057

$

12,378

Basic weighted-average common shares outstanding

 

15,703,932

 

15,778,391

 

15,806,897

 

14,388,797

Basic earnings per common share (a)

$

0.47

$

0.18

$

1.46

$

0.86

Diluted

 

  

 

  

 

  

 

  

Net income attributable to common shares

$

7,336

$

2,830

$

23,057

$

12,378

Basic weighted-average common shares outstanding

 

15,703,932

 

15,778,391

 

15,806,897

 

14,388,797

Dilutive effect of potential common stock arising from stock options

 

6,413

 

1,330

 

6,232

 

4,632

Diluted weighted-average common shares outstanding

 

15,710,345

 

15,779,721

 

15,813,129

 

14,393,429

Diluted earnings per common share (a)

$

0.47

$

0.18

$

1.46

$

0.86

Weighted-average nonvested restricted shares outstanding

 

133,053

 

102,629

 

129,456

 

85,611

(a)Basic and diluted earnings per share under the two-class method are determined on net income reported on the consolidated statements of income, less earnings allocated to non-vested restricted shares with nonforfeitable dividends (participating securities).