Earnings Per Share

9 Months Ended

Sep. 30, 2023

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflects the potential dilution of restricted stock.

The following table presents earnings per share for the three and nine months ended September 30, 2023 and 2022.


(dollars in thousands, except per share data)	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator
Net income available to common stockholders	$	5,804	$	5,252	$	16,149	$	13,991

Denominator
Weighted average number of common shares
Outstanding for basic earnings per common share	17,569,493		17,645,119		17,581,817		17,042,838




Weighted-average number of shares outstanding for diluted earnings per common share	17,569,493		17,645,119		17,581,817		17,042,838

Earnings per share - basic	$	0.33	$	0.30	$	0.92	$	0.82

Earnings per share - diluted	$	0.33	$	0.30	$	0.92	$	0.82