(Dollar amounts in thousands, except for per share amounts)

For the three months ended September 30,

For the nine months ended September 30,

2022

2021

2022

2021

Net income

$

3,040

$

3,375

$

7,713

$

7,483

Less: Preferred stock dividends

31

—

133

95

Net income available to common stockholders

$

3,009

$

3,375

$

7,580

$

7,388

Average common shares outstanding

2,735,212

2,721,212

2,735,212

2,721,212

Add: Dilutive effects of restricted stock awards

32,850

27,367

28,973

23,170

Average shares and dilutive potential common shares

2,768,062

2,748,579

2,764,185

2,744,382

Basic earnings per common share

$

1.10

$

1.24

$

2.77

$

2.72

Diluted earnings per common share

$

1.09

$

1.23

$

2.74

$

2.69