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

9 Months Ended

Sep. 30, 2022

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,
	2022	2021	2022	2021
Numerator
Net income	4,280	4,206	11,918	10,656
Denominator
Weighted average shares, basic	3,625	3,647	3,641	3,645
Dilutive effect of stock options	9	11	9	11
Diluted shares	3,634	3,658	3,650	3,656
Earnings per share, basic	1.18	1.15	3.27	2.92
Earnings per share, diluted	1.18	1.15	3.26	2.91