Earning Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Summary of Composition of Earnings Per Share

The following table sets forth the composition of earnings per share:

(In Thousands, except share and per share data)	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net income	$	1,606	$	1,173	$	3,130	$	2,298
Basic weighted average common shares outstanding		9,836,984		5,691,686		9,831,739		5,691,686
Net effect of dilutive stock options and warrants		76,493		—		152,003		—
Diluted weighted average common shares outstanding		9,913,477		5,691,686		9,983,742		5,691,686
Net income per common share:
Basic	$	0.16	$	0.21	$	0.32	$	0.40
Diluted	$	0.16	$	0.21	$	0.31	$	0.40

Schedule of Dilutive Securities Included in Computation of Earnings Per Share

The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were included in the computation of diluted earnings per common share for the three and six months ended June 30, 2022. There were no dilutive securities outstanding during the first six months of 2021. For the three and six months ended June 30, 2022 and 2021, the Company had no securities that were excluded from the calculation of diluted weighted average common shares because their inclusion would have been anti-dilutive.

Share-based compensation awards	195,700
Warrants	1,537,484
Total dilutive securities	1,733,184