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Nature of Operations (Tables)
 9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of Calculations for Basic and Diluted Earnings Per Common Share Presented below are the calculations for basic and diluted earnings per common share.

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

(In thousands except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

1,805

 

 

$

1,870

 

 

$

6,255

 

 

$

1,650

 

Weighted average common shares outstanding

 

6,872,634

 

 

 

7,570,797

 

 

 

6,931,128

 

 

 

7,547,363

 

Effect of dilutive common stock awards

 

93,002

 

 

 

—

 

 

 

93,002

 

 

 

—

 

Diluted weighted average common shares outstanding

 

6,965,636

 

 

 

7,570,797

 

 

 

7,024,130

 

 

 

7,547,363

 

Basic earnings per common share*

$

0.26

 

 

$

0.25

 

 

$

0.90

 

 

$

0.22

 

Diluted earnings per common share*

$

0.26

 

 

$

0.25

 

 

$

0.89

 

 

$

0.22

 

*Cumulative quarterly per share performance may not equal annual per share totals due to the effects of the amount and timing of capital increases. When computing earnings per share for an interim period, the denominator is based on the weighted average shares outstanding during the interim period, and not on an annualized weighted average basis. Accordingly, the sum of the earnings per share data for the quarters will not necessarily equal the year-to-date earnings per share data.