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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Basic Earnings Per Share and Diluted Earnings Per Share A computation of basic earnings per share and diluted earnings per share follows:

 

 

Three Months Ended

 

 

Nine Months Ended

 

(Dollars in thousands, except share data)

September 30,

 

 

September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Basic

 

 

 

 

 

 

 

 

 

 

 

Net income

$

7,348

 

 

$

5,122

 

 

$

19,568

 

 

$

15,968

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

8,567,548

 

 

 

7,537,996

 

 

 

7,898,938

 

 

 

7,528,887

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common shares

$

0.86

 

 

$

0.68

 

 

$

2.48

 

 

$

2.12

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

Net income

$

7,348

 

 

$

5,122

 

 

$

19,568

 

 

$

15,968

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

8,567,548

 

 

 

7,537,996

 

 

 

7,898,938

 

 

 

7,528,887

 

Plus dilutive stock options and restricted stock units

 

47,952

 

 

 

30,038

 

 

 

45,205

 

 

 

33,273

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding and potentially dilutive shares

 

8,615,500

 

 

 

7,568,034

 

 

 

7,944,143

 

 

 

7,562,160

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

$

0.85

 

 

$

0.68

 

 

$

2.46

 

 

$

2.12