EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2023

EARNINGS PER SHARE

EARNINGS PER SHARE

10. EARNINGS PER SHARE

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

	December 31,
	2023		2022
Basic earnings per share
Income available to common shareholders	$	795	$	800
Weighted average shares outstanding		5,258		5,233
Basic earnings per share	$	0.15	$	0.15
Diluted earnings per share
Income available to common shareholders	$	795	$	800
Weighted average shares outstanding		5,258		5,233
Dilutive effect of restricted stock		34		20
Total weighted average shares outstanding		5,292		5,253
Diluted earnings per share	$	0.15	$	0.15

There was no restricted stock or other common stock equivalents excluded from the diluted earnings per share calculation for the years ended December 31, 2023 and December 31, 2022.