Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE

v3.22.2.2
EARNINGS PER COMMON SHARE
 9 Months Ended
Sep. 30, 2022
EARNINGS PER COMMON SHARE [Abstract]  
EARNINGS PER COMMON SHARE

NOTE 8 - EARNINGS PER COMMON SHARE

A reconciliation of the numerators and denominators of basic and diluted earnings per common share for the three and nine month periods ended September 30, 2022 and 2021 are as follows (dollars in thousands, except per share data):
   
Three Months
Ended
September 30,
2022
   
Three Months
Ended
September 30,
2021
   
Nine Months
Ended
September 30,
2022
    
Nine Months
Ended
September 30,
2021
 
Net income available to common shares
  
$
10,045
    
$
7,202
    
$
22,614
    
$
22,798
  
Weighted average shares outstanding, including participating stock awards - Basic
    
34,251,792
      
34,190,264
      
34,253,459
      
34,192,916
  
Dilutive potential common shares:
                                
Stock options
    
—
      
—
      
—
      
—
  
Weighted average shares outstanding - Diluted
    
34,251,792
      
34,190,264
      
34,253,459
      
34,192,916
  
Basic earnings per common share
  
$
0.29
    
$
0.21
    
$
0.66
    
$
0.67
  
Diluted earnings per common share
  
$
0.29
    
$
0.21
    
$
0.66
    
$
0.67
  



There were no antidilutive shares of common stock in the three and nine month periods ended September 30, 2022 and 2021.