Annual report pursuant to Section 13 and 15(d)

EARNINGS PER COMMON SHARE

v3.22.4
EARNINGS PER COMMON SHARE
12 Months Ended
Dec. 31, 2022
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):

   
2022
   
2021
 
Net income
 
$
34,731
   
$
29,014
 
                 
Weighted average shares outstanding, including participating stock awards - Basic
   
34,259,604
     
34,202,179
 
                 
Dilutive potential common shares:
               
Stock options
   
     
 
Weighted average shares outstanding - Diluted
   
34,259,604
     
34,202,179
 
Basic earnings per common share
 
$
1.01
   
$
0.85
 
Diluted earnings per common share
 
$
1.01
   
$
0.85