INCOME PER SHARE

12 Months Ended

Dec. 31, 2021

Income Per Share

INCOME PER SHARE

NOTE 3 INCOME PER SHARE

Basic income per share computations are based on the weighted average number of shares outstanding during each year. Dilutive earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. For the years ended December 31, 2021 and 2020, there were no dilutive potential common shares. Basic and diluted net income per common share calculations follows:

(Amounts in thousands, except	For the year ended
share and per share data)	December 31,
	2021		2020
Net income	$	7,010	$	2,890
Weighted average shares outstanding		23,922,086		23,922,086
Weighted average dilutive shares outstanding		23,992,086		23,992,086
Basic and diluted income per share	$	0.29	$	0.12