Annual report pursuant to Section 13 and 15(d)

EARNINGS PER COMMON SHARE

v3.20.4
EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2020
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):

   
2020
    
2019
  
Net income
  
$
30,165
    
$
31,979
  
                 
Weighted average shares outstanding, including participating stock awards - Basic
    
34,120,275
      
34,056,200
  
                 
Dilutive potential common shares:
                
Stock options
    
—
      
—
  
Weighted average shares outstanding - Diluted
    
34,120,275
      
34,056,200
  
Basic earnings per common share
  
$
0.88
    
$
0.94
  
Diluted earnings per common share
  
$
0.88
    
$
0.94