EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020

Earnings per share is based on the weighted average number of shares outstanding for the year. A reconciliation of the basic and diluted earnings per share is as follows:


	Year ended		Year ended
	December 31, 2020		December 31, 2019

Basic
Net income attributable to common shareholders	$	12,725	$	9,463
Weighted average common shares outstanding	11,161,551		11,114,328
Basic earnings per share	$	1.14	$	0.85
Diluted
Net income attributable to common shareholders	$	12,725	$	9,463
Weighted average common shares outstanding	11,161,551		11,114,328

Add: Dilutive stock options outstanding	260		6,961
Average shares and dilutive potential common shares	11,161,811		11,121,289
Diluted earnings per share	$	1.14	$	0.85
Additional common stock option shares that have not been included due to their antidilutive effect	68,800		26,200