Earnings Per Share

12 Months Ended

Dec. 31, 2022

14. Earnings Per Share

Basic and diluted earnings (loss) per share are computed by dividing net income by the weighted average number of common shares outstanding during the period. The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except share and per share amounts):


	Year Ended December 31,
	2022			2021			2020
Net income (loss)	$	(10,681	)	$	(1,094	)	$	595
Weighted average common shares, basic and diluted*		10,692,090			9,691,998			9,625,059
Earnings (loss) per share, basic and diluted		(1.00	)	$	(0.11	)	$	0.06

* The non-vested shares of the restricted stock units and stock options were anti-dilutive as of December 31, 2022, 2021, and 2020. Therefore, the non-vested shares are excluded from earnings (loss) per share for the years ended December 31, 2022, 2021, and 2020.