Schedule of Basic Earnings Per Share and Diluted Earnings Per Share |
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Three Months Ended |
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Nine Months Ended |
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(Dollars in thousands, except share data) |
September 30, |
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September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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Basic |
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Net income |
$ |
5,122 |
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$ |
5,813 |
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$ |
15,968 |
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$ |
16,956 |
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Weighted average common shares outstanding |
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7,537,996 |
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7,507,538 |
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7,528,887 |
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7,500,877 |
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Basic earnings per common shares |
$ |
0.68 |
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$ |
0.77 |
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$ |
2.12 |
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$ |
2.26 |
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Diluted |
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Net income |
$ |
5,122 |
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$ |
5,813 |
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$ |
15,968 |
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$ |
16,956 |
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Weighted average common shares outstanding |
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7,537,996 |
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7,507,538 |
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7,528,887 |
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7,500,877 |
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Plus dilutive stock options and restricted stock units |
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30,038 |
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12,820 |
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33,273 |
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17,279 |
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Weighted average common shares outstanding and potentially dilutive shares |
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7,568,034 |
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7,520,358 |
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7,562,160 |
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7,518,156 |
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Diluted earnings per common share |
$ |
0.68 |
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$ |
0.77 |
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$ |
2.12 |
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$ |
2.26 |
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There were 15,000 stock options that were considered anti-dilutive to earnings per share for the three and nine months ended September 30, 2023. There were 15,000 stock options that were considered anti-dilutive to earnings per share for the three and nine months ended September 30, 2022. There were no restricted stock units that were considered anti-dilutive for the three and nine months ended September 30, 2023 and September 30, 2022.
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