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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Calculations of Basic and Diluted Earnings Per Common Share
Presented below is a summary of the components used to calculate basic and diluted earnings per common share for the periods indicated, which have been restated to reflect all stock dividends:
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands, except per share data)2022202120222021
Basic earnings per share:
Net income available to shareholders$4,927$5,796$16,025$16,527
Average shares outstanding6,768,5816,877,3056,800,3096,877,435
Basic earnings per share$0.73$0.84$2.36$2.40
Diluted earnings per share:
Net income available to shareholders$4,927$5,796$16,025$16,527
Average shares outstanding6,768,5816,877,3056,800,3096,877,435
Diluted earnings per share$0.730.84$2.36$2.40