XML 32 R22.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2024
Schedule of Basic Earnings Per Share and Diluted Earnings Per Share

(Dollars in thousands, except share data)
  
Three Months Ended
June 30,
    
Six Months Ended
June 30,
  
   
2024
    
2023
    
2024
    
2023
  
Basic
                        
Net income
  
$
6,586
    
$
5,213
    
$
12,220
    
$
10,846
  
                                 
Weighted average common shares outstanding
    
     
     
     
 
                                 
Basic earnings per common shares
  
$
0.87
    
$
0.69
    
$
1.62
    
$
1.44
  
                                 
Diluted
                                
Net income
  
$
6,586
    
$
5,213
    
$
12,220
    
$
10,846
  
                                 
Weighted average common shares outstanding
    
7,569,241
      
7,529,177
      
7,560,960
      
7,524,257
  
Plus dilutive stock options and restricted stock units
    
35,722
      
22,720
      
37,255
      
28,335
  
                                 
Weighted average common shares outstanding and potentially dilutive shares
    
7,604,963
      
7,551,897
      
7,598,215
      
7,552,592
  
                                 
Diluted earnings per common share
  
$
0.87
    
$
0.69
    
$
1.61
    
$
1.44
  

There were 6,000 stock options that were considered anti-dilutive to earnings per share for the three months ended June 30, 2024 and 4,500 stock option that were considered anti-dilutive to earnings per share for the six months ended June 30, 2024.  There were 15,000 stock options and 5,125 performance awards that were considered anti-dilutive to earnings per share for the three months ended June 30, 2023.  There were 15,000 stock option that were considered anti-dilutive to earnings per share for the six months ended June 30, 2023.