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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2022
EARNINGS PER SHARE  
EARNINGS PER SHARE

(6)   EARNINGS PER SHARE

The calculation of basic and diluted earnings per share for the years ended December 31, 2022 and 2021 are as follows (in thousands, except per share data):

For the Years Ended December 31,

2022

    

2021

Basic earnings per share

  

 

  

Net income available to common stockholders

$

17,048

$

17,103

Basic weighted-average shares outstanding

 

38,467

 

38,317

Basic earnings per share

$

0.44

$

0.45

Diluted earnings per share

 

  

 

  

Net income available to common stockholders

$

17,048

$

17,103

Weighted-average shares outstanding

 

38,467

 

38,317

Effect of dilutive securities - options and restricted stock

 

660

 

880

Diluted weighted-average shares outstanding

 

39,127

 

39,197

Diluted earnings per share

$

0.44

$

0.44

For the years ended December 31, 2022 and 2021, 0.1 million and 0.4 million shares of common stock were excluded from the dilutive stock calculation because their effect would have been anti-dilutive. The basic and diluted weighted-average shares outstanding for December 31, 2021 has been updated to include the retroactive impact of the 10% common stock dividend declared on November 11, 2021.