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Basic and Diluted Earnings Per Share
 6 Months Ended
Jun. 30, 2022
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 June 30, 2022 and 2021,
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 June 30,
Six months ended June 30,
 
(Dollars in thousands, except share and per share data)
2022
2021
2022
2021
Basic and diluted:
Net earnings
$
1,801
$
2,286
$
3,882
$
4,292
Weighted average common
 
shares outstanding
3,513,353
3,554,871
3,515,991
3,560,554
Net earnings per share
$
0.51
$
0.65
$
1.10
$
1.21