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INCOME PER SHARE
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
INCOME PER SHARE

NOTE 3 INCOME PER SHARE

 

Basic income per share computations are based on the weighted average number of shares outstanding during each year. Dilutive earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. For the years ended December 31, 2022 and 2021, there were no dilutive potential common shares. Basic and diluted net income per common share calculations follows:

 

          
(Amounts in thousands, except  For the year ended
share and per share data)  December 31,
   2022  2021
Net income  $8,082   $7,010 
Weighted average shares outstanding   23,898,185    23,922,086 
Weighted average dilutive shares outstanding   23,898,185    23,992,086 
Basic and diluted income per share  $0.34   $0.29