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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Summary of Significant Accounting Policies  
Schedule of Computation of Basic and Diluted Earnings Per Share

Three Months Ended

 

Six Months Ended

 

June 30, 

 

June 30, 

 

    

2022

    

2021

    

2022

    

2021

    

(In thousands, except per share data)

 

Numerator:

 

  

 

  

  

 

  

Net income

$

3,823

$

3,253

$

5,027

$

4,011

Less: Income allocated to unvested participating securities

 

65

 

35

 

85

 

43

Net income available to common stockholders

$

3,758

$

3,218

$

4,942

$

3,968

Denominator:

 

 

 

 

Denominator for basic earnings per share — weighted average shares

 

5,952

 

5,917

 

5,950

 

5,915

Effect of dilutive securities:

 

 

 

 

Common stock equivalents

 

 

 

 

Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions

 

5,952

 

5,917

 

5,950

 

5,915

Earnings per share:

 

 

 

 

Basic

$

0.63

$

0.54

$

0.83

$

0.67

Diluted

$

0.63

$

0.54

$

0.83

$

0.67