Year ended December 31,

(Amounts in thousands)

2021

2020

2019

Numerator (Included in basic and diluted earnings per share)

$

15,465

$

10,099

$

10,971

Denominator

Weighted average common shares outstanding for:

Basic earnings per common share

7,491

7,446

7,510

Dilutive securities:

Deferred compensation

58

36

58

Warrants—Treasury stock method

—

20

Diluted common shares outstanding

7,549

7,482

7,588

Basic earnings per common share

$

2.06

$

1.36

$

1.46

Diluted earnings per common share

$

2.05

$

1.35

$

1.45

The average market price used in calculating assumed number of shares

$

19.68

$

15.89

$

19.32