Annual report pursuant to Section 13 and 15(d)

EARNINGS PER COMMON SHARE

v3.20.4
EARNINGS PER COMMON SHARE
12 Months Ended
Dec. 31, 2020
EARNINGS PER COMMON SHARE [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 13 - EARNINGS PER COMMON SHARE
A reconciliation of the numerators and denominators of basic and diluted earnings per common share are as follows (dollars in thousands, except per share data):

   
2020
   
2019
 
Net income
 
$
30,165
   
$
31,979
 
                 
Weighted average shares outstanding, including participating stock awards - Basic
   
34,120,275
     
34,056,200
 
                 
Dilutive potential common shares:
               
Stock options
   
     
 
Weighted average shares outstanding - Diluted
   
34,120,275
     
34,056,200
 
Basic earnings per common share
 
$
0.88
   
$
0.94
 
Diluted earnings per common share
 
$
0.88
   
$
0.94