Three Months Ended
March 31,

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

2023

2022

Distributed earnings allocated to common shares

$

876

$

835

Undistributed earnings allocated to common shares

1,567

1,972

Net earnings allocated to common shares

2,443

2,807

Net earnings allocated to participating securities

7

6

Net Income allocated to common shares and participating securities

$

2,450

$

2,813

Weighted average shares outstanding for basic earnings per share

6,933

7,035

Dilutive effect of stock compensation

75

65

Weighted average shares outstanding for diluted earnings per share

7,008

7,100

Basic earnings per common share

$

0.35

$

0.40

Diluted earnings per common share

$

0.35

$

0.40