Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of weighted average number of shares used in computing earnings per share

The table below shows the weighted average number of shares used in computing net income per common share and the effect of the weighted average number of shares of potential dilutive common stock for the three and six months ended June 30, 2022 and 2021. Diluted net income per share is computed based on the weighted average number of shares of common stock equivalents outstanding, to the extent dilutive. The Company’s common stock equivalents relate to outstanding common stock options. Unvested restricted stock as of June 30, 2022 and June 30, 2021 is included in the calculation of basic and diluted net income per share (dollars below reported in thousands except per share data).

Three Months Ended	June 30, 2022							June 30, 2021
	Net Income		Weighted Average Shares		Per Share Amount			Net Income		Weighted Average Shares		Per Share Amount
Basic net income per share	$	5,685		5,326,271	$	1.07		$	147		5,305,277	$	0.03
Effect of dilutive stock options		-		20,737		(0.01	)		-		15,013		-
Diluted net income per share	$	5,685		5,347,008	$	1.06		$	147		5,320,290	$	0.03
Six Months Ended	June 30, 2022							June 30, 2021
	Net Income		Weighted Average Shares		Per Share Amount			Net Income		Weighted Average Shares		Per Share Amount
Basic net income per share	$	10,609		5,319,166	$	1.99		$	1,652		4,019,700	$	0.41
Effect of dilutive stock options		-		26,076		(0.01	)		-		11,601		-
Diluted net income per share	$	10,609	$	5,345,242	$	1.98		$	1,652		4,031,301	$	0.41