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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Calculation of Basic Earnings Per Share

 

 

(In Thousands, Except Per Share Data)

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2024

 

 

June 30, 2023

 

 

June 30, 2024

 

 

June 30, 2023

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

5,682

 

 

$

6,001

 

 

$

11,041

 

 

$

12,467

 

Less: distributed earnings allocated to participating
   securities

 

 

(36

)

 

 

(31

)

 

 

(72

)

 

 

(62

)

Less: undistributed earnings allocated to participating
   securities

 

 

(32

)

 

 

(35

)

 

 

(57

)

 

 

(69

)

Net earnings available to common shareholders

 

$

5,614

 

 

$

5,935

 

 

$

10,912

 

 

$

12,336

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding including
   participating securities

 

 

13,681,501

 

 

 

13,632,440

 

 

 

13,676,333

 

 

 

13,624,094

 

Less: average unvested restricted shares

 

 

(164,228

)

 

 

(150,065

)

 

 

(160,367

)

 

 

(143,163

)

Weighted average common shares outstanding

 

 

13,517,273

 

 

 

13,482,375

 

 

 

13,515,966

 

 

 

13,480,931

 

Basic and diluted earnings per share

 

$

0.42

 

 

$

0.44

 

 

$

0.81

 

 

$

0.92