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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2024
Earnings per common share  
Earnings Per Common Share

NOTE 8 – Earnings Per Common Share

The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the three-month periods ended March 31, 2024 and 2023. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options that were outstanding at March 31, 2024. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At March 31, 2024 and 2023, there were 212,863 and 205,689 options, respectively, that were not considered in computing diluted earnings per common share because they were anti-dilutive.

Schedule of earnings per share calculation            
  Three months ended
March 31,		 
(dollars in thousands, except share data)   2024    2023 
Numerator:          
Net income available to common shareholders  $2,522    2,703 
Denominator:          
Weighted-average common shares outstanding – basic   8,110,249    8,025,876 
Common stock equivalents   31,672    66,394 
Weighted-average common shares outstanding – diluted   8,141,921    8,092,270 
Earnings per common share:          
Basic  $0.31    0.34 
Diluted   0.31    0.33