Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)

9 Months Ended

Sep. 30, 2020

Tables/Schedules

Schedule of Earnings Per Share, Basic and Diluted

The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:

(in thousands)	Three months ended		Nine months ended
	September 30,		September 30,
	2020	2019	2020	2019
Numerator
Net income	2,933	3,705	7,386	10,369
Denominator
Weighted average shares, basic	3,642	3,720	3,664	3,722
Dilutive effect of stock options	11	17	14	16
Diluted shares	3,653	3,737	3,678	3,738
Earnings per share, basic	0.81	1.00	2.02	2.79
Earnings per share, diluted	0.80	0.99	2.01	2.77