Three months ended

Nine months ended

Periods ended September 30, (in thousands, except per share data)

2019

2018

2019

2018

Net income

$

2,988

$

2,344

$

8,126

$

6,259

Less: Undistributed earnings allocated to participating securities

(48

)

(33

)

(110

)

(74

)

Net income allocated to common stock

$

2,940

$

2,311

$

8,016

$

6,185

Weighted average common shares issued

2,823

2,804

2,815

2,795

Less: Unvested restricted stock awards

(40

)

(40

)

(34

)

(33

)

Weighted average common shares outstanding used to calculate basic earnings per common share

2,783

2,764

2,781

2,762

Add: Dilutive effect of stock options, unvested restricted stock awards and units

12

15

12

18

Weighted average common shares outstanding used to calculate diluted earnings per common share

2,795

2,779

2,793

2,780

Earnings per common share (basic)

$

1.06

$

0.84

$

2.88

$

2.24

Earnings per common share (diluted)

$

1.05

$

0.83

$

2.87

$

2.23