Three Months Ended

Six Months Ended

June 30,

2023

2022

2023

2022

(In thousands, except per share data)

Numerator:

Net income

$

3,350

$

3,823

$

4,270

$

5,027

Less: Income allocated to unvested participating securities

51

65

63

85

Net income available to common shareholders

$

3,299

$

3,758

$

4,207

$

4,942

Denominator:

Denominator for basic earnings per share — weighted average shares

6,032

5,952

6,030

5,950

Effect of dilutive securities:

Common stock equivalents

—

Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions

6,032

5,952

6,030

5,950

Earnings per share:

Basic

$

0.55

$

0.63

$

0.70

$

0.83

Diluted

$

0.55

$

0.63

$

0.70

$

0.83