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, 2019
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):

   
2019
    
2018
  
Net income
  
$
31,979
    
$
26,379
  
                 
Weighted average shares outstanding, including participating stock awards - Basic
    
34,056,200
      
34,018,259
  
                 
Dilutive potential common shares:
                
Stock options
    
—
      
295
  
Weighted average shares outstanding - Diluted
    
34,056,200
      
34,018,554
  
Basic earnings per common share
  
$
0.94
    
$
0.78
  
Diluted earnings per common share
  
$
0.94
    
$
0.78