Earnings Per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Note 3 – Earnings Per Share

Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of potential common stock equivalents (stock-based awards). The following table provides information relating to the calculation of earnings per common share:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
(In thousands, except per share data)	2023		2022		2023		2022
Net Income	$	4,018	$	7,499	$	10,475	$	13,112
Weighted average shares outstanding - Basic and Diluted		19,903		19,847		19,895		19,838
Earnings per common share - Basic and Diluted	$	0.20	$	0.38	$	0.53	$	0.66

There were no potentially dilutive shares outstanding during the three and six months ended June 30, 2023 and 2022.