EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

The following is a summary of the information used in the computation of basic and diluted earnings per share for the three and six months ended June 30, 2020 and 2019 (in thousands, except share data).


	Three months ended June 30,						Six months ended June 30,
	2020		2019		2020		2019
Earnings per common share - basic
Net income	$	4,274	$	4,934	$	4,882	$	8,851
Less: income allocated to participating securities	(21)		(46)		(28)		(93)
Net income allocated to common shareholders	4,253		4,888		4,854		8,758
Weighted-average basic shares outstanding	10,882,084		10,008,882		11,012,581		9,843,052
Basic earnings per common share	$	0.39	$	0.49	$	0.44	$	0.89

Earnings per common share - diluted
Net income allocated to common shareholders	$	4,253	$	4,888	$	4,854	$	8,758
Weighted-average basic shares outstanding	10,882,084		10,008,882		11,012,581		9,843,052
Dilutive effect of securities	—		95,364		26,373		95,076
Total weighted average diluted shares outstanding	10,882,084		10,104,246		11,038,954		9,938,128
Diluted earnings per common share	$	0.39	$	0.48	$	0.44	$	0.88

The weighted average shares that have an antidilutive effect in the calculation of diluted earnings per common share and have been excluded from the computations above are shown below.


	Three months ended June 30,			Six months ended June 30,
	2020	2019	2020	2019
Stock options	—	—	43	—
Restricted stock awards	28,360	519	9,565	4
Restricted stock units	102,064	868	74,847	21,915