EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earning per Share

The following is a reconciliation of the numerator and denominator of basic and diluted net income per share of common stock as of the dates indicated (in thousands, except per share data):

EARNINGS PER SHARE

	Years ended
	December 31,
	2021			2020
Numerator:
Net income	$	16,114		$	8,645
Preferred stock dividends		(120	)		(97	)
Net income applicable to common equity		15,994			8,548
Undistributed earnings allocated to participating securities		(767	)		(377	)
Net income applicable to common shareholders	$	15,227		$	8,171
Denominator:
Basic - Total weighted-average basic shares outstandings		5,157,858			5,215,182
Stock options		129,555			58,168
Diluted - Total weighted-average diluted shares outstanding		5,287,413			5,273,350
Basic income per share	$	2.95		$	1.57
Diluted income per share	$	2.88		$	1.55