(in thousands of dollars)

(in thousands of dollars)

Three Months Ended

Nine Months Ended

September 30, 2022

September 30, 2021

September 30, 2022

September 30, 2021

Earnings per share

Net income

$

8,954

$

5,920

$

25,327

$

15,812

Less: distributed earnings allocated to participating
   securities

(26

)

(20

)

(67

)

(49

)

Less: undistributed earnings allocated to participating
   securities

(42

)

(31

)

(148

)

(77

)

Net earnings available to common shareholders

$

8,886

$

5,869

$

25,112

$

15,686

Weighted average common shares outstanding including
   participating securities

13,083,145

11,209,732

13,071,859

11,199,309

Less: average unvested restricted shares

(99,838

)

(96,197

)

(111,209

)

(89,075

)

Weighted average common shares outstanding

12,983,307

11,113,535

12,960,650

11,110,234

Basic and diluted earnings per share

$

0.68

$

0.53

$

1.94

$

1.41