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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Calculation of Basic Earnings Per Share

 

(In Thousands, Except Per Share Data)

 

 

 

Three Months Ended

 

 

 

March 31, 2025

 

 

March 31, 2024

 

Earnings per share

 

 

 

 

 

 

Net income

 

$

6,952

 

 

$

5,359

 

Less: distributed earnings allocated to participating
   securities

 

 

(39

)

 

 

(35

)

Less: undistributed earnings allocated to participating
   securities

 

 

(44

)

 

 

(26

)

Net earnings available to common shareholders

 

$

6,869

 

 

$

5,298

 

 

 

 

 

 

 

Weighted average common shares outstanding including
   participating securities

 

 

13,706,003

 

 

 

13,671,166

 

Less: average unvested restricted shares

 

 

(164,156

)

 

 

(156,506

)

Weighted average common shares outstanding

 

 

13,541,847

 

 

 

13,514,660

 

Basic and diluted earnings per share

 

$

0.51

 

 

$

0.39