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PER SHARE DATA (Tables)
6 Months Ended
Jun. 30, 2022
PER SHARE DATA  
Schedule of Basic and Diluted earnings per share

(In Thousands, Except Share and Per Share Data)

Three Months Ended

    

Six Months Ended

June 30, 

June 30, 

June 30, 

June 30, 

    

2022

    

2021

    

2022

    

2021

Basic

  

 

  

 

  

 

  

Net income

$

7,489

$

7,060

$

14,384

$

15,847

Less: Dividends and undistributed earnings allocated to participating securities

 

(70)

 

(61)

 

(130)

 

(126)

Net income attributable to common shares

$

7,419

$

6,999

$

14,254

$

15,721

Basic weighted-average common shares outstanding

 

15,441,564

 

15,868,150

 

15,542,959

 

15,859,236

Basic earnings per common share (a)

$

0.48

$

0.44

$

0.92

$

0.99

Diluted

 

  

 

  

 

  

 

  

Net income attributable to common shares

$

7,419

$

6,999

$

14,254

$

15,721

Basic weighted-average common shares outstanding

 

15,441,564

 

15,868,150

 

15,542,959

 

15,859,236

Dilutive effect of potential common stock arising from stock options

 

3,009

 

6,833

 

3,360

 

5,922

Diluted weighted-average common shares outstanding

 

15,444,573

 

15,874,983

 

15,546,319

 

15,865,158

Diluted earnings per common share (a)

$

0.48

$

0.44

$

0.92

$

0.99

Weighted-average nonvested restricted shares outstanding

 

145,132

 

136,711

 

141,656

 

127,627

(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).