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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2023
EARNINGS PER SHARE |
EARNINGS PER SHARE | 10. EARNINGS PER SHARE Earnings per share are calculated as follows (in thousands, except earnings per share):
|  | December 31, |
|  | 2023 |  |  | 2022 |
Basic earnings per share |  |  |  |  |  |
Income available to common shareholders |  | $ | 795 |  |  | $ | 800 |
Weighted average shares outstanding |  |  | 5,258 |  |  |  | 5,233 |
Basic earnings per share |  | $ | 0.15 |  |  | $ | 0.15 |
Diluted earnings per share |  |  |  |  |  |  |  |
Income available to common shareholders |  | $ | 795 |  |  | $ | 800 |
Weighted average shares outstanding |  |  | 5,258 |  |  |  | 5,233 |
Dilutive effect of restricted stock |  |  | 34 |  |  |  | 20 |
Total weighted average shares outstanding |  |  | 5,292 |  |  |  | 5,253 |
Diluted earnings per share |  | $ | 0.15 |  |  | $ | 0.15 |
There was no restricted stock or other common stock equivalents excluded from the diluted earnings per share calculation for the years ended December 31, 2023 and December 31, 2022.

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