EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2022

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2022			2021			2022			2021
Numerator:
Net income	$	3,693		$	3,963		$	7,801		$	7,557
Preferred stock dividends		(39	)		(30	)		(77	)		(60	)
Net income applicable to common equity		3,654			3,933			7,724			7,497
Undistributed earnings allocated to participating securities		(161	)		(190	)		(345	)		(357	)
Net income applicable to common shareholders	$	3,493		$	3,743		$	7,379		$	7,140
Denominator:
Basic - Total weighted-average basic shares outstandings		5,201,806			5,134,112			5,192,202			5,167,763
Stock options		191,831			125,476			196,981			87,145
Diluted - Total weighted-average diluted shares outstanding		5,393,637			5,259,588			5,389,183			5,254,908
Basic income per share	$	0.67		$	0.73		$	1.42		$	1.38
Diluted income per share	$	0.65		$	0.71		$	1.37		$	1.36