Per Share Information

9 Months Ended

Sep. 30, 2023

The following table presents the reconciliation between the calculation of basic EPS and diluted EPS for the three and nine months ended September 30, 2023 and 2022:



	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
	(Dollars in thousands, except per share data)
Net income	$	2,532	$	3,758	$	8,208	$	9,171
Weighted average common shares outstanding for basic EPS	4,508,028		4,495,348		4,508,569		4,494,751
Dilutive effect of stock-based awards (1)	31,998		26,625		28,282		18,042
Weighted average common and potential common shares for diluted EPS	4,540,026		4,521,973		4,536,851		4,512,793
Earnings per common share:
Basic EPS	$	0.56	$	0.84	$	1.82	$	2.04
Diluted EPS	$	0.55	$	0.83	$	1.81	$	2.03

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(1)Dilutive effect of stock based awards represents the effect of assumed vesting of all outstanding equity compensation awards, which currently consist solely of restricted stock units. Unvested awards do not have dividend or dividend equivalent rights.