Twelve Months Ended
December 31,

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

2022

2021

Net Income

$

12,521

$

18,277

Less net income allocated to participating securities

27

21

Net income allocated to common shares

$

12,494

$

18,256

Weighted average shares outstanding for basic earnings per share

7,005

7,083

Average participating securities

37

47

Weighted average shares outstanding for diluted earnings per share

7,042

7,130

Basic earnings per common share

$

1.79

$

2.58

Diluted earnings per common share

$

1.77

$

2.56