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Basic and Diluted Earnings Per Share
9 Months Ended
Sep. 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 September
 
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
 
September
 
30,
Nine months
 
ended September
 
30,
 
(Dollars
 
in thousands, except
 
share and
 
per share
 
data)
2022
2021
2022
2021
Basic and diluted:
Net earnings
$
1,998
$
1,875
$
5,880
$
6,167
Weighted average common
 
shares outstanding
3,507,318
3,536,320
3,513,068
3,552,387
Net earnings per
 
share
$
0.57
$
0.53
$
1.67
$
1.74