| Schedule of basic and diluted earnings per 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, | | | 2022 | | 2021 | Earnings per common share - Basic | | | | | | | Numerator: | | | | | | | Net income available for common shareholders | | $ | 5,524 | | $ | 5,999 | | | | | | | | Denominator: | | | | | | | Basic weighted average shares | | | 9,418,318 | | | 7,935,664 | Earnings per common share - basic | | $ | 0.59 | | $ | 0.76 | | | | | | | | Earnings per common share - Diluted | | | | | | | Numerator: | | | | | | | Net income available for common shareholders | | $ | 5,524 | | $ | 5,999 | | | | | | | | Denominator: | | | | | | | Basic weighted average shares | | | 9,418,318 | | | 7,935,664 | Diluted effect of common stock equivalents: | | | | | | | Stock options | | | 57,139 | | | 4,923 | Time Vesting Units | | | 189,538 | | | 102,530 | Financial Performance Units | | | 83,954 | | | 46,289 | Market Performance Units | | | 13,653 | | | 14,197 | Total diluted effect of common stock equivalents | | | 344,284 | | | 167,939 | Diluted weighted average shares | | | 9,762,602 | | | 8,103,603 | Earnings per common share - diluted | | $ | 0.57 | | $ | 0.74 |
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| Schedule of Antidilutive securities |
| | | | | | | | Three Months Ended March 31, | | | 2022 | | | 2021 | Stock options | | — | | | 278,109 | Time Vesting Units | | — | | | 3,982 | Financial Performance Units | | — | | | 23,168 | Restricted Stock Awards | | — | | | 21,054 | Total potentially dilutive securities | | — | | | 326,313 |
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