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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The Corporation has a simple capital structure. Basic earnings per share of common stock is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding less unvested restricted stock at the end of the period. Diluted earnings per share is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding.
Years Ended December 31,
202420232022
Weighted average shares outstanding (basic)8,503,473 8,507,803 8,623,012 
Dilutive effect of unvested shares33,492 28,322 — 
Weighted average shares outstanding (diluted)8,536,965 8,536,125 8,623,012 
Per share:
Basic$3.75 $3.72 $4.15 
Diluted3.73 3.71 4.15 
There were no antidilutive instruments at December 31, 2024, 2023 and 2022.