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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding. Diluted earnings per share reflect additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options issued and the vesting of restricted stock units, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units.
For the Three Months Ended
June 30,
For the Six Months Ended June 30,
2024202320242023
Basic Earnings Per Share:
Net Income$8,198 $8,756 $16,317 $16,427 
Weighted average common shares outstanding8,957,608 8,763,635 8,935,542 8,763,046 
Basic earnings per share$0.91 $1.00 $1.82 $1.87 
Diluted Earnings Per Share:
Net income allocated to common shareholders$8,190 $8,750 $16,306 $16,418 
Weighted average common shares outstanding8,957,608 8,763,635 8,935,542 8,763,046 
Net dilutive effect of:
Assumed exercises of stock options and vesting of restricted stock units
112,960 187,212 127,006 238,554 
Average shares and dilutive potential common shares9,070,568 8,950,847 9,062,548 9,001,600 
Dilutive earnings per share$0.90 $0.98 $1.80 $1.82