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Basic and Diluted Earnings Per Share
 12 Months Ended
Dec. 31, 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 year.
 
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.
 
As of December 31, 2021 and 2020, respectively,
the Company had no such securities or other 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 years are
 
presented below.
Year ended December 31
(Dollars in thousands, except share and per share data)
2021
2020
Basic and diluted:
Net earnings
$
8,039
$
7,454
Weighted average common
 
shares outstanding
3,545,310
3,566,207
Net earnings per share
$
2.27
$
2.09