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EARNINGS PER COMMON SHARE
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
The following presents the calculation of basic and diluted earnings per common share during the periods presented (dollars in thousands, except share and per share amounts):
Three Months Ended March 31,
20232022
Earnings per common share - Basic
Numerator:
Net income available for common shareholders$3,820 $5,524 
Denominator:
Basic weighted average shares9,503,7159,418,318
Earnings per common share - basic$0.40 $0.59 
Earnings per common share - Diluted
Numerator:
Net income available for common shareholders$3,820 $5,524 
Denominator:
Basic weighted average shares9,503,7159,418,318
Diluted effect of common stock equivalents:
Stock options16,02357,139
Time Vesting Units 125,228189,538
Financial Performance Units87,70883,954
Market Performance Units13,653
Total diluted effect of common stock equivalents228,959344,284
Diluted weighted average shares9,732,6749,762,602
Earnings per common share - diluted$0.39 $0.57 
Diluted earnings per share was computed without consideration to potentially dilutive instruments as their inclusion would have been anti-dilutive.
During the three months ended March 31, 2023, 82,970 stock options were potentially dilutive securities that were excluded from the diluted earnings per share calculation. During the three months ended March 31, 2022, there were no potentially dilutive securities excluded from the diluted earnings per share calculation.