Three months ended

Six months ended

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

2023

2022

2023

2022

Net income

$

3,405

$

3,845

$

6,423

$

7,414

Less: Undistributed earnings allocated to participating securities

(51

)

(73

)

(101

)

(134

)

Net income allocated to common stock

$

3,354

$

3,772

$

6,322

$

7,280

Weighted-average common shares issued

5,807

5,776

5,803

5,755

Less: Unvested restricted stock awards

(86

)

(110

)

(91

)

(104

)

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

5,721

5,666

5,711

5,651

Add: Dilutive effect of stock options and restricted stock units

12

33

12

48

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

5,733

5,699

5,723

5,699

Earnings per common share (basic)

$

0.59

$

0.67

$

1.11

$

1.29

Earnings per common share (diluted)

$

0.59

$

0.66

$

1.10

$

1.28