EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2022

EARNINGS (LOSS) PER SHARE

2. EARNINGS (LOSS) PER SHARE

2. EARNINGS (LOSS) PER SHARE

Earnings (loss) per share are calculated as follows (in thousands, except earnings per share):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Basic earnings (loss) per common share
Net income (loss)	$	910	$	985	$	791	$	3,852
Weighted average shares outstanding		5,230		5,202		5,230		5,202
Basic earnings (loss) per common share	$	0.17	$	0.19	$	0.15	$	0.74
Diluted earnings (loss) per common share
Net income (loss)	$	910	$	985	$	791	$	3,852
Weighted average shares outstanding		5,230		5,202		5,230		5,202
Dilutive effect of restricted stock		36		16		32		12
Total weighted average shares outstanding		5,266		5,218		5,262		5,214
Diluted earnings (loss) per common share	$	0.17	$	0.19	$	0.15	$	0.74

There was no restricted stock excluded from the diluted earnings per share calculation for the three and six month periods ended June 30, 2022 and June 30, 2021.