Annual report pursuant to Section 13 and 15(d)

EARNINGS PER COMMON SHARE

v3.22.0.1
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