Earnings Per Share

3 Months Ended

Mar. 31, 2023

The following table sets forth the computation of basic and diluted income per share, including a reconciliation of net income and the number of shares used in computing basic and diluted income per share. Basic income per share is determined using the weighted average shares of common stock (including deferred stock units) outstanding during the period. Diluted income per share is determined using the weighted average shares of common stock (including deferred stock units) outstanding during the period, and assumes all potentially dilutive securities were converted into common shares at the earliest date possible. There were no potentially dilutive securities outstanding during the three months ended March 31, 2023 and 2022.


	For the Three Months Ended March 31,
(Amounts in thousands, except share and per share amounts)	2023		2022
Net income	$	11,226	$	14,532

Weighted average shares outstanding – basic and diluted	5,127,086		5,124,478

Net income per common share – basic and diluted	$	2.19	$	2.84