| Computation of basic and diluted earnings per common share |
The computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2020 and 2019 is as follows (in thousands, except share and per share data): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2020 | | 2019 | | 2020 | | 2019 | | Numerator: | | | | | | | | | Net income | $ | 6,818 | | | $ | 4,843 | | | $ | 4,836 | | | $ | 13,407 | | | Denominator: | | | | | | | | | Denominator for basic earnings per common share - weighted-average shares | 25,945,114 | | | 26,398,136 | | | 25,963,524 | | | 26,778,897 | | | Effect of dilutive securities: | | | | | | | | | Employee stock awards | 509,145 | | | 85,837 | | | 321,805 | | | 131,675 | | | Denominator for dilutive earnings per common share | 26,454,259 | | | 26,483,973 | | | 26,285,329 | | | 26,910,572 | | | Basic earnings per common share | $ | 0.26 | | | $ | 0.18 | | | $ | 0.19 | | | $ | 0.50 | | | Diluted earnings per common share | $ | 0.26 | | | $ | 0.18 | | | $ | 0.18 | | | $ | 0.50 | |
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