Earnings Per Share

9 Months Ended

Sep. 30, 2022

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 nine months ended September 30, 2022 and 2021.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(Amounts in thousands, except share and per share amounts)	2022		2021		2022		2021
Net income	$	15,109	$	11,401	$	44,455	$	55,181

Weighted average shares outstanding – basic and diluted	5,127,086		5,124,478		5,125,768		5,123,321

Net income per common share – basic and diluted	$	2.95	$	2.22	$	8.67	$	10.77