(In thousands of dollars, except per share data)

Three Months Ended

March 31, 2023

March 31, 2022

Earnings per share

Net income

$

6,466

$

8,102

Less: distributed earnings allocated to participating
   securities

(32

)

(21

)

Less: undistributed earnings allocated to participating
   securities

(33

)

(48

)

Net earnings available to common shareholders

$

6,401

$

8,033

Weighted average common shares outstanding including
   participating securities

13,615,655

13,066,272

Less: average unvested restricted shares

(136,185

)

(111,165

)

Weighted average common shares outstanding

13,479,470

12,955,107

Basic and diluted earnings per share

$

0.47

$

0.62