Three Months Ended
Mar. 31,

($ and outstanding shares in thousands - except per share data)

2021

2020

Distributed earnings allocated to common shares

$

776

$

744

Undistributed (in excess of) earnings allocated to common shares

6,299

(67

)

Net earnings allocated to common shares

7,075

677

Net earnings allocated to participating securities

6

4

Net Income allocated to common shares and participating securities

$

7,081

$

681

Weighted average shares outstanding for basic earnings per share

7,317

7,749

Dilutive effect of stock compensation

18

7

Weighted average shares outstanding for diluted earnings per share

7,335

7,756

Basic earnings per common share

$

0.97

$

0.09

Diluted earnings per common share

$

0.97

$

0.09