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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2023
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 six months ended June 30, 2023 and 2022 are as follows (in thousands, except per share data):

For the Three Months Ended June 30, 

For the Six Months Ended June 30, 

    

2023

    

2022

    

2023

    

2022

Basic earnings per share

 

  

 

  

 

  

 

  

Net income

$

3,354

$

3,346

$

4,923

$

4,723

Basic weighted average shares outstanding

 

36,435

 

38,851

 

36,564

 

39,305

Basic earnings per share

$

0.09

0.09

0.13

0.12

Diluted earnings per share

 

  

 

  

 

  

 

  

Net income

$

3,354

3,346

4,923

4,723

Weighted average shares outstanding

 

36,435

 

38,851

 

36,564

 

39,305

Effect of dilutive securities - options and restricted stock

 

626

 

1,042

 

685

 

1,062

Diluted weighted-average shares outstanding

 

37,061

 

39,893

 

37,249

 

40,367

Diluted earnings per share

$

0.09

0.08

$

0.13

$

0.12