| Earnings Per Share |
Note 5: Earnings Per Share Basic earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding, after taking into consideration all dilutive potential shares outstanding during the period. Basic and diluted earnings per share were calculated as follows: | | | | | | | | | | | | | (dollars in thousands, except per share data) | | For the three months ended | | For the six months ended | | June 30, | | June 30, | | 2024 | | 2023 | | 2024 | | 2023 | Net income | $ | 1,219 | | $ | 5,079 | | $ | 2,908 | | $ | 7,591 | Weighted average shares outstanding - basic | | 43,688,605 | | | 43,363,374 | | | 43,629,675 | | | 43,300,962 | Effect of dilutive securities attributable to stock based awards | | 70,992 | | | 144,847 | | | 81,355 | | | 164,273 | Weighted average shares outstanding - diluted | | 43,759,597 | | | 43,508,221 | | | 43,711,030 | | | 43,465,235 | Income per common share: | | | | | | | | | | | | Basic | $ | 0.03 | | $ | 0.12 | | $ | 0.07 | | $ | 0.18 | Diluted | $ | 0.03 | | $ | 0.12 | | $ | 0.07 | | $ | 0.17 | Anti-dilutive securities excluded from earnings per share calculation | | 128,774 | | | 593,178 | | | 128,650 | | | 582,426 |
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