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Earnings per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings per Share
Note 10 – Earnings per Share

We determine basic earnings per share (“EPS”) by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted EPS is determined by dividing net income available to common shareholders by the weighted-average number of shares outstanding, increased by the number of shares that would be issued assuming the exercise of instruments under our incentive stock plan.

The following table presents our calculation of EPS for the periods shown:
 Three Months Ended June 30,Six Months Ended June 30,
(Dollars in thousands except shares and per share data)2025202420252024
Numerator for earnings per share:
Net income, before noncontrolling interest$2,002 $4,149 $5,561 $8,651 
Net (income) loss attributable to noncontrolling interest— (60)18 (80)
Net income available to common shareholders$2,002 $4,089 $5,579 $8,571 
Denominator:
Weighted-average shares outstanding - basic 12,912,113 12,883,426 12,930,046 12,847,191 
Effect of dilutive instruments209,323 162,234 221,570 211,600 
Weighted-average shares outstanding - diluted13,121,436 13,045,660 13,151,616 13,058,791 
Earnings per common share - basic$0.16 $0.32 $0.43 $0.67 
Earnings per share common share - diluted$0.15 $0.31 $0.42 $0.66 
Instruments not included in the computation of diluted EPS because the effect would be antidilutive461,392 606,925 430,557 316,368