XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Basic earnings per share is computed based on the weighted-average number of shares outstanding during each year. Diluted earnings per share is computed using the weighted-average shares and all potential dilutive shares outstanding during the period. The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the following periods:

 

   

Years ended December 31,

 

(In thousands, except per share data)

 

2021

   

2020

 

Net income available to common shareholders

  $ 15,482     $ 9,373  

Average shares outstanding

    6,804       6,569  

Effect of common stock-based compensation

    218       15  
                 

Average diluted shares outstanding

    7,022       6,584  
                 

Basic earnings per share

  $ 2.28     $ 1.43  

Diluted earnings per share

  $ 2.21     $ 1.42