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Earnings Per Share | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share |
Earnings Per Share | 9. EARNINGS PER SHARE Earnings per share are calculated as follows (in thousands, except earnings per share):
|  | December 31, |
|  | 2021 |  |  | 2020 |
Basic earnings per share |  |  |  |  |  |
Income available to common shareholder |  | $ | 7,570 |  |  | $ | 2,665 |
Weighted average shares outstanding |  |  | 5,205 |  |  |  | 5,185 |
Basic earnings per share |  | $ | 1.45 |  |  | $ | 0.51 |
Diluted earnings per share |  |  |  |  |  |  |  |
Income available to common shareholder |  | $ | 7,570 |  |  | $ | 2,665 |
Weighted average shares outstanding |  |  | 5,205 |  |  |  | 5,185 |
Dilutive effect of restricted stock |  |  | 27 |  |  |  | 2 |
Total weighted average shares outstanding |  |  | 5,232 |  |  |  | 5,187 |
Diluted earnings per share |  | $ | 1.45 |  |  | $ | 0.51 |
There was no restricted stock excluded from the diluted earnings per share calculation for the years ended December 31, 2021 and December 31, 2020.

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