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

Earnings Per Share

v3.26.1
Earnings Per Share
 12 Months Ended
Dec. 31, 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 years ended December 31, 2025 and 2024, are as follows:
Year ended
December 31,
(dollars in thousands except per share data) 2025 2024
Basic earnings per common share:
Net income as reported $ 8,087  $ 12,130 
Weighted average common shares outstanding—basic 4,271,350 4,259,570
Basic earnings per common share $ 1.89  $ 2.85 
Diluted earnings per common share:
Net income as reported $ 8,087  $ 12,130 
Weighted average common shares outstanding 4,271,350 4,259,570
Add: Dilutive effect of unvested restricted stock awards 20,708 15,063
Weighted average common shares outstanding—diluted 4,292,058 4,274,633
Diluted earnings per common share $ 1.88  $ 2.84