EARNING PER SHARE

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 8.           EARNINGS PER SHARE

The following table presents the calculation of earnings per share:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except per share and share data)	2020		2019		2020		2019
Net income	$	8,481	$	6,117	$	16,202	$	13,398
Average number of basic common shares outstanding		15,423,997		15,538,282		15,500,033		15,530,893
Plus: dilutive effect of stock options and awards outstanding(1)		17,281		47,299		22,960		51,340
Average number of diluted common shares outstanding(1)		15,441,278		15,585,581		15,522,993		15,582,233
Earnings per share:
Basic	$	0.55	$	0.39	$	1.05	$	0.86
Diluted	$	0.55	$	0.39	$	1.04	$	0.86

(1) Average diluted shares outstanding are computed using the treasury stock method.