Quarterly report [Sections 13 or 15(d)]

Earnings Per Share

v3.25.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
Earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding. A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the three and six months ended June 30, 2025 and 2024, are as follows:
Three months ended
June 30,		 Six months ended
June 30,
(dollars in thousands except per share data) 2025 2024 2025 2024
Basic earnings per common share:
Net income as reported $ 2,151  $ 143  $ 2,606  $ 9,423 
Weighted average common shares outstanding—basic 4,271,952 4,259,695 4,269,478 4,258,181
Basic earnings per common share $ 0.50  $ 0.03  $ 0.61  $ 2.21 
Diluted earnings per common share:
Net income as reported $ 2,151  $ 143  $ 2,606  $ 9,423 
Weighted average common shares outstanding 4,271,952 4,259,695 4,269,478 4,258,181
Add: Dilutive effect of unvested restricted stock awards 24,466 11,357 19,238 8,234
Weighted average common shares outstanding—diluted 4,296,418 4,271,052 4,288,716 4,266,415
Diluted earnings per common share $ 0.50  $ 0.03  $ 0.61  $ 2.21