Earnings Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share

Earnings Per Share

8. EARNINGS PER SHARE

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

	December 31,
	2022		2021
Basic earnings per share
Income available to common shareholder	$	800	$	7,570
Weighted average shares outstanding		5,233		5,205
Basic earnings per share	$	0.15	$	1.45
Diluted earnings per share
Income available to common shareholder	$	800	$	7,570
Weighted average shares outstanding		5,233		5,205
Dilutive effect of restricted stock		20		27
Total weighted average shares outstanding		5,253		5,232
Diluted earnings per share	$	0.15	$	1.45

There was no restricted stock excluded from the diluted earnings per share calculation for the years ended December 31, 2022 and December 31, 2021.