EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2022

Earnings per share

EARNINGS PER SHARE

NOTE 3 EARNINGS PER SHARE

Basic Earnings per share computations are based on the weighted average number of shares outstanding during each period. Diluted earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. For the three-month and nine-month periods ended September 30, 2022 and 2021, there were no potential common shares. Basic and diluted net income per common share calculations follows:

(Dollars in Thousands, Except Share and Per Share Data)	For the three months ended September 30,				For the Nine months ended September 30,
	2022		2021		2022		2021
Net income	$	1,986	$	1,845	$	5,830	$	5,093
Weighted average shares outstanding		23,893,224		23,922,086		23,910,287		23,922,086
Weighted average dilutive shares outstanding		23,893,224		23,922,086		23,910,287		23,922,086
Basic and diluted Earnings per share	$	0.08	$	0.08	$	0.24	$	0.21