EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2021

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 8. 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,
	2021		2020
Weighted average shares outstanding for basic earnings per common share		25,457,659		25,622,988
Dilutive effect of stock based awards and warrants		92,452		112,838
Weighted average shares outstanding for diluted earnings per common share		25,550,111		25,735,826
Basic earnings per common share	$	0.90	$	0.68
Diluted earnings per common share	$	0.90	$	0.67