Earnings Per Share

6 Months Ended

Jun. 30, 2020

The following table sets forth the computation of basic and diluted income per share. Basic income per share is determined using the weighted average shares of common stock outstanding during the period. Diluted income per share is determined using the weighted average shares of common stock outstanding during the period, and assumes all potentially dilutive securities were converted into common shares at the earliest date possible. There were no potentially dilutive securities outstanding during the three and six months ended June 30, 2020 and 2019.



	Three Months Ended June 30,				Six Months Ended June 30,
(Amounts in thousands, except share and per share amounts)	2020		2019		2020		2019
Net income	$	12,331	$	11,283	$	16,903	$	29,148

Weighted average shares outstanding – basic and diluted	5,120,548		5,118,030		5,119,623		5,117,690

Net income per common share – basic and diluted	$	2.41	$	2.20	$	3.30	$	5.70