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Basic and Diluted Earnings Per Share
 9 Months Ended
Sep. 30, 2021
Basic and Diluted Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share Text Block
NOTE 2: BASIC AND DILUTED NET EARNINGS PER SHARE
Basic net earnings per share is computed by dividing net earnings by the weighted average
 
common shares outstanding for
the respective period.
 
Diluted net earnings per share reflect the potential dilution that could occur
 
upon exercise of
securities or other rights for, or convertible into, shares of the
 
Company’s common stock.
 
At September 30, 2021 and
2020, respectively, the Company
 
had no such securities or rights issued or outstanding, and therefore, no dilutive effect
 
to
consider for the diluted net earnings per share calculation.
The basic and diluted net earnings per share computations for the respective periods are
 
presented below
Quarter ended September 30,
Nine months ended September 30,
(Dollars in thousands, except share and per share data)
2021
2020
2021
2020
Basic and diluted:
Net earnings
$
1,875
$
1,936
$
6,167
$
5,398
Weighted average common
 
shares outstanding
3,536,320
3,566,239
3,552,387
3,566,184
Net earnings per share
$
0.53
$
0.54
$
1.74
$
1.51