Three months ended March 31,

2021

2020

Basic

Net income per consolidated statements of income

$

12,117

$

6,097

Less: Earnings allocated to participating securities

(55)

(65)

Net income available to common stockholders

$

12,062

$

6,032

Weighted average common shares outstanding including participating securities

8,313,660

8,304,205

Less: Weighted average participating securities

(37,486)

(88,246)

Weighted average common shares outstanding

8,276,174

8,215,959

Basic earnings per common share

$

1.46

$

0.73

Diluted

Net income allocated to common stockholders

$

12,062

$

6,032

Weighted average common shares outstanding for basic earnings per common share

8,276,174

8,215,959

Add: Dilutive effects of assumed exercise of stock options

141,145

131,159

Add: Dilutive effects of assumed vesting of performance based restricted stock units

—

65,664

Average shares and dilutive potential common shares

8,417,319

8,412,782

Dilutive earnings per common share

$

1.43

$

0.72