PER SHARE DATA (Tables)

9 Months Ended

Sep. 30, 2024

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,
	2024		2023		2024		2023
Basic
Net income	$	6,365	$	7,591	$	17,784	$	19,887
Less: Dividends and undistributed earnings allocated to participating securities		(54)		(57)		(140)		(156)
Net income attributable to common shares	$	6,311	$	7,534	$	17,644	$	19,731
Basic weighted-average common shares outstanding		15,267,120		15,154,797		15,254,124		15,264,391
Basic earnings per common share (a)	$	0.41	$	0.50	$	1.16	$	1.29
Diluted
Net income attributable to common shares	$	6,311	$	7,534	$	17,644	$	19,731
Basic weighted-average common shares outstanding		15,267,120		15,154,797		15,254,124		15,264,391
Dilutive effect of potential common stock arising from stock options		0		0		0		4
Diluted weighted-average common shares outstanding		15,267,120		15,154,797		15,254,124		15,264,395
Diluted earnings per common share (a)	$	0.41	$	0.50	$	1.16	$	1.29
Weighted-average nonvested restricted shares outstanding		131,302		113,328		121,035		120,632

(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).