PER SHARE DATA (Tables)

9 Months Ended

Sep. 30, 2022

PER SHARE DATA

Schedule of Basic and Diluted earnings per share

(In Thousands, Except Share and Per Share Data)	Three Months Ended				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2022		2021		2022		2021
Basic
Net income	$	4,455	$	7,399	$	18,839	$	23,246
Less: Dividends and undistributed earnings allocated to participating securities		(39)		(63)		(169)		(189)
Net income attributable to common shares	$	4,416	$	7,336	$	18,670	$	23,057
Basic weighted-average common shares outstanding		15,364,075		15,703,932		15,482,672		15,806,897
Basic earnings per common share (a)	$	0.29	$	0.47	$	1.21	$	1.46
Diluted
Net income attributable to common shares	$	4,416	$	7,336	$	18,670	$	23,057
Basic weighted-average common shares outstanding		15,364,075		15,703,932		15,482,672		15,806,897
Dilutive effect of potential common stock arising from stock options		3,114		6,413		3,276		6,232
Diluted weighted-average common shares outstanding		15,367,189		15,710,345		15,485,948		15,813,129
Diluted earnings per common share (a)	$	0.29	$	0.47	$	1.21	$	1.46
Weighted-average nonvested restricted shares outstanding		136,040		133,053		139,761		129,456

(a) Basic and diluted earnings per share under the two-class method are determined on net income reported on the consolidated statements of income, less earnings allocated to non-vested restricted shares with nonforfeitable dividends (participating securities).