EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2024

EARNINGS (LOSS) PER SHARE

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 March 31,
	2024		2023
Basic earnings (loss) per common share
Net income (loss)	$	1,147	$	80
Weighted average shares outstanding		5,309		5,256
Basic earnings (loss) per common share	$	0.22	$	0.02
Diluted earnings (loss) per common share
Net income (loss)	$	1,147	$	80
Weighted average shares outstanding		5,309		5,256
Dilutive effect of restricted stock		41		34
Total weighted average shares outstanding		5,350		5,290
Diluted earnings (loss) per common share	$	0.21	$	0.02

There was no restricted stock excluded from the diluted earnings per share calculation for the three month periods ended March 31, 2024 and March 31, 2023.