Three months ended

Six months ended

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

2020

2019

2020

2019

Net income

$

2,734

$

2,703

$

4,781

$

5,137

Less: Undistributed earnings allocated to participating securities

(43

)

(32

)

(77

)

(58

)

Net income allocated to common stock

$

2,691

$

2,671

$

4,704

$

5,079

Weighted-average common shares issued

2,834

2,813

2,831

2,810

Less: Unvested restricted stock awards

(38

)

(33

)

(38

)

(31

)

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

2,796

2,780

2,793

2,779

Add: Dilutive effect of stock options

7

20

8

16

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

2,803

2,800

2,801

2,795

Earnings per common share (basic)

$

0.96

$

0.96

$

1.68

$

1.83

Earnings per common share (diluted)

$

0.96

$

0.95

$

1.68

$

1.82