Year ended December 31,

2021

2020

2019

Numerator for basic and diluted earnings per common share:

Net income for the period

$

3,364

$

5,775

$

15,398

Denominator for basic and diluted earnings per common share:

Basic weighted average number of common shares outstanding

10,662,337

10,590,684

10,623,799

Effect of outstanding stock options

155,132

101,597

149,013

Diluted weighted average number of shares outstanding

10,817,468

10,692,281

10,772,812

Basic earnings per common share

$

0.32

$

0.55

$

1.45

Diluted earnings per common share

$

0.31

$

0.54

$

1.43