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PER SHARE DATA (Tables)
9 Months Ended
Sep. 30, 2023
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, 

    

2023

    

2022

    

2023

    

2022

Basic

  

 

  

 

  

 

  

Net income

$

7,591

$

4,455

$

19,887

$

18,839

Less: Dividends and undistributed earnings allocated to participating securities

 

(57)

 

(39)

 

(156)

 

(169)

Net income attributable to common shares

$

7,534

$

4,416

$

19,731

$

18,670

Basic weighted-average common shares outstanding

 

15,154,797

 

15,364,075

 

15,264,391

 

15,482,672

Basic earnings per common share (a)

$

0.50

$

0.29

$

1.29

$

1.21

Diluted

 

  

 

  

 

  

 

  

Net income attributable to common shares

$

7,534

$

4,416

$

19,731

$

18,670

Basic weighted-average common shares outstanding

 

15,154,797

 

15,364,075

 

15,264,391

 

15,482,672

Dilutive effect of potential common stock arising from stock options

 

0

 

3,114

 

4

 

3,276

Diluted weighted-average common shares outstanding

 

15,154,797

 

15,367,189

 

15,264,395

 

15,485,948

Diluted earnings per common share (a)

$

0.50

$

0.29

$

1.29

$

1.21

Weighted-average nonvested restricted shares outstanding

 

113,328

 

136,040

 

120,632

 

139,761

(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).