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EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

EARNINGS PER SHARE

Schedule of calculation of basic and diluted earnings per share

The calculation of basic and diluted earnings per share for the three and nine months ended September 30, 2022 and 2021 are as follows (in thousands, except per share data):


		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2022			2021			2022			2021
Basic earnings per share
Net income available to common stockholders		$	4,873		$	6,107			9,596			8,209
Basic weighted-average shares outstanding			38,046			38,245			38,881			38,286

Basic earnings per share		$	0.13		$	0.16			0.25			0.21

Diluted earnings per share
Net income available to common stockholders		$	4,873		$	6,107			9,596			8,209
Weighted-average shares outstanding			38,046			38,245			38,881			38,286
Effect of dilutive securities - options and restricted stock			819			798			848			856
Diluted weighted-average shares outstanding			38,865			39,043			39,729			39,142

Diluted earnings per share		$	0.13		$	0.16			0.24			0.21