Earnings Per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table presents the reconciliation between the calculation of basic EPS and diluted EPS for the years ended December 31, 2020 and 2019:

	2020		2019
	(Dollars in thousands, except per share data)
Net income	$	12,805	$	10,648
Weighted average common shares outstanding for basic EPS	4,474,649		4,468,336
Dilutive effect of stock-based awards (1)	18,508		12,856
Weighted-average common and potential common shares for diluted EPS	4,493,157		4,481,192
Earnings per common share:
Basic EPS	$	2.86	$	2.38
Diluted EPS	$	2.85	$	2.38

____________________

(1)Dilutive effect of stock based awards represents the effect of the assumed exercise of stock options and vesting of restricted stock units.