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Net Income Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Computation of basic and diluted net income per common share:
The computation of basic and diluted net income per common share (in thousands, except for per share data) is as follows:
Three months ended
March 31,
20222021
Net income $3,864 $3,456 
Less: net income allocated to participating securities97 204 
Net income available to common shareholders$3,767 $3,252 
Weighted average common shares outstanding — basic8,268,000 7,985,000 
Effect of weighted average dilutive securities— 7,000 
Weighted average common and potentially issuable common shares outstanding — diluted8,268,000 7,992,000 
Basic net income per common share$0.46 $0.41 
Diluted net income per common share$0.46 $0.41 
The computation of basic and diluted net income per participating share is as follows (in thousands, except for per share data):
Three months ended
March 31,
20212020
Net income allocated to participating securities$97 $204 
Weighted average participating shares outstanding — basic213,000 500,000 
Effect of dilutive securities— — 
Weighted average common and potentially issuable common shares outstanding — diluted213,000 500,000 
Basic net income per participating share$0.46 $0.41 
Diluted net income per participating share$0.46 $0.41