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Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 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
June 30,
Six months ended
June 30,
2022202120222021
Net income $2,188 $4,086 $6,052 $7,542 
Less: net income allocated to participating securities40 232 121 437 
Net income available to common shareholders$2,148 $3,854 $5,931 $7,105 
Weighted average common shares outstanding — basic8,329,000 8,002,000 8,298,000 7,994,000 
Effect of weighted average dilutive securities— 12,000 — 19,000 
Weighted average common and potentially issuable common shares outstanding — diluted8,329,000 8,014,000 8,298,000 8,013,000 
Basic net income per common share$0.26 $0.48 $0.71 $0.89 
Diluted net income per common share$0.26 $0.48 $0.71 $0.89 
The computation of basic and diluted net income per participating share is as follows (in thousands, except for per share data):
Three months ended
June 30,
Six months ended
June 30,
2022202120222021
Net income allocated to participating securities$40 $232 $121 $437 
Weighted average participating shares outstanding — basic156,000 482,000 170,000 491,000 
Effect of dilutive securities— — — — 
Weighted average common and potentially issuable common shares outstanding — diluted156,000 482,000 170,000 491,000 
Basic net income per participating share$0.26 $0.48 $0.71 $0.89 
Diluted net income per participating share$0.26 $0.48 $0.71 $0.89