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PER SHARE DATA (Tables)
6 Months Ended
Jun. 30, 2023
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, 

    

2023

    

2022

    

2023

    

2022

Basic

  

 

  

 

  

 

  

Net income

$

6,043

$

7,489

$

12,296

$

14,384

Less: Dividends and undistributed earnings allocated to participating securities

 

(47)

 

(70)

 

(99)

 

(130)

Net income attributable to common shares

$

5,996

$

7,419

$

12,197

$

14,254

Basic weighted-average common shares outstanding

 

15,231,505

 

15,441,564

 

15,320,101

 

15,542,959

Basic earnings per common share (a)

$

0.39

$

0.48

$

0.80

$

0.92

Diluted

 

  

 

  

 

  

 

  

Net income attributable to common shares

$

5,996

$

7,419

$

12,197

$

14,254

Basic weighted-average common shares outstanding

 

15,231,505

 

15,441,564

 

15,320,101

 

15,542,959

Dilutive effect of potential common stock arising from stock options

 

0

 

3,009

 

265

 

3,360

Diluted weighted-average common shares outstanding

 

15,231,505

 

15,444,573

 

15,320,366

 

15,546,319

Diluted earnings per common share (a)

$

0.39

$

0.48

$

0.80

$

0.92

Weighted-average nonvested restricted shares outstanding

 

120,300

 

145,132

 

124,343

 

141,656

(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).