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