Annual report [Section 13 and 15(d), not S-K Item 405]

Note 12 - Earnings Per Common Share (Tables)

v3.25.1
Note 12 - Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   

For the year ended,

 

(dollars in thousands except per share data)

 

December 31,

 
   

2024

   

2023

 

Basic earnings per common share:

               

Net income as reported

  $ 12,130     $ 8,380  

Weighted average common shares outstanding

    4,259,570       4,273,824  

Basic earnings per common share

  $ 2.85     $ 1.96  
                 

Diluted earnings per common share:

               

Net income as reported

  $ 12,130     $ 8,380  

Weighted average common shares outstanding

    4,259,570       4,273,824  

Add: Dilutive effect of unvested restricted stock awards

    15,063       8,458  

Weighted average common and dilutive potential common shares outstanding

    4,274,633       4,282,282  

Diluted earnings per common share

  $ 2.84     $ 1.96