Annual report pursuant to Section 13 and 15(d)

EARNINGS PER COMMON SHARE

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EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2021
EARNINGS PER COMMON SHARE [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 15 - 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):

   
2021
    
2020
  
Net income
  
$
29,014
    
$
30,165
  
                 
Weighted average shares outstanding, including participating stock awards - Basic
    
34,202,179
      
34,120,275
  
                 
Dilutive potential common shares:
                
Stock options
    
—
      
—
  
Weighted average shares outstanding - Diluted
    
34,202,179
      
34,120,275
  
Basic earnings per common share
  
$
0.85
    
$
0.88
  
Diluted earnings per common share
  
$
0.85
    
$
0.88