Three months ended

Six months ended

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

2022

2021

2022

2021

Net income

$

3,845

$

4,353

$

7,414

$

8,879

Less: Undistributed earnings allocated to participating securities

(73

)

(66

)

(134

)

(130

)

Net income allocated to common stock

$

3,772

$

4,287

$

7,280

$

8,749

Weighted-average common shares issued

5,776

5,704

5,755

5,698

Less: Unvested restricted stock awards

(110

)

(86

)

(104

)

(84

)

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

5,666

5,620

5,651

5,614

Add: Dilutive effect of stock options

33

38

48

36

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

5,699

5,658

5,699

5,650

Earnings per common share (basic)

$

0.67

$

0.76

$

1.29

$

1.56

Earnings per common share (diluted)

$

0.66

$

0.76

$

1.28

$

1.55