Three Months Ended
March 31,

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

2022

2021

Distributed earnings allocated to common shares

$

835

$

776

Undistributed earnings allocated to common shares

1,972

6,299

Net earnings allocated to common shares

2,807

7,075

Net earnings allocated to participating securities

6

Net Income allocated to common shares and participating securities

$

2,813

$

7,081

Weighted average shares outstanding for basic earnings per share

7,035

7,317

Dilutive effect of stock compensation

65

18

Weighted average shares outstanding for diluted earnings per share

7,100

7,335

Basic earnings per common share

$

0.40

$

0.97

Diluted earnings per common share

$

0.40

$

0.97