Basic and Diluted Earnings Per Share

9 Months Ended

Sep. 30, 2023

Basic and Diluted Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share Text Block

NOTE 2: BASIC AND DILUTED NET EARNINGS PER SHARE

Basic net earnings per share is computed by dividing net earnings by the weighted average common shares outstanding for

the respective period. Diluted net earnings per share reflect the potential dilution that could occur upon exercise of

securities or other rights for, or convertible into, shares of the Company’s common stock. At September 30, 2023 and

2022, respectively, the Company had no such securities or rights issued or outstanding, and therefore, no dilutive effect to

consider for the diluted net earnings per share calculation.

The basic and diluted net earnings per share computations for the respective periods are presented below

Quarter ended September 30,

Nine months ended September 30, 

(Dollars in thousands, except share and per share data)

2023

2022

2023

2022

Basic and diluted:

Net earnings

$

1,488

$

1,998

$

5,380

$

5,880

Weighted average common shares outstanding

3,496,411

3,507,318

3,499,518

3,513,068

Net earnings per share

$

0.43

$

0.57

$

1.54

$

1.67