EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 12 — EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. At June 30, 2022 and 2021, there were no potential common shares outstanding. The following table sets forth the computation of basic and diluted earnings per share.

(In thousands, except earnings per share)	Three Months Ended
	June 30,
	2022		2021
Net income	$	3,822	$	3,605
Weighted-average common shares outstanding		5,964		5,905
Basic and diluted earnings per share	$	0.64	$	0.61

(In thousands, except earnings per share)	Six Months Ended
	June 30,
	2022		2021
Net income	$	7,365	$	7,483
Weighted-average common shares outstanding		5,956		5,894
Basic and diluted earnings per share	$	1.24	$	1.27