EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period, which includes shares held in treasury on behalf of participants in the Company’s Directors Fee Deferral Plan, and share repurchases. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock based awards and warrants, none of which were antidilutive.

	Three Months Ended March 31,
	2022		2021
Weighted average shares outstanding for basic earnings per common share	25,515,271		25,457,659
Dilutive effect of stock based awards	175,101		92,452
Weighted average shares outstanding for diluted earnings per common share	25,690,372		25,550,111
Basic earnings per common share	$	0.93	$	0.90
Diluted earnings per common share	$	0.92	$	0.90