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Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 2023
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,
2023202220232022
Net income$7,936 $2,188 $13,788 $6,052 
Less: net income allocated to participating securities57 40 110 121 
Net income available to common shareholders$7,879 $2,148 $13,678 $5,931 
Weighted average common shares outstanding — basic8,500 8,329 8,460 8,298 
Effect of weighted average dilutive securities130 — 164 — 
Weighted average common and potentially issuable common shares outstanding — diluted8,630 8,329 8,624 8,298 
Basic net income per common share$0.93 $0.26 $1.62 $0.71 
Diluted net income per common share$0.91 $0.26 $1.59 $0.71 
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,
2023202220232022
Net income allocated to participating securities$57 $40 $110 $121 
Weighted average participating shares outstanding — basic61 156 68 170 
Effect of dilutive securities— — — — 
Weighted average common and potentially issuable common shares outstanding — diluted61 156 68 170 
Basic net income per participating share$0.93 $0.26 $1.62 $0.71 
Diluted net income per participating share$0.93 $0.26 $1.62 $0.71