EARNINGS PER SHARE (“EPS”) (Tables)

9 Months Ended

Sep. 30, 2021

Basic and diluted earnings per share have been computed based on weighted-average common and common equivalent shares outstanding as follows:


(dollars in thousands, except per share amounts)	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020

Net Income	$	6,404	$	3,799	$	19,135	$	9,997

Average number of common shares outstanding	5,709,814		5,895,074		5,813,704		5,892,107
Dilutive effect of common stock equivalents	10,187		—		9,514		—
Average number of shares used to calculate diluted EPS	5,720,001		5,895,074		5,823,218		5,892,107

Anti-dilutive shares	40		—		3,355		—

Earnings Per Common Share
Basic	$	1.12	$	0.64	$	3.29	$	1.70
Diluted	$	1.12	$	0.64	$	3.29	$	1.70