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Earnings per Common Share (Tables) | 3 Months Ended
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Mar. 31, 2025
Earnings per Common Share |
Schedule of computation of earnings per share | The following table summarizes the computation of earnings per share for the three months ended March 31, 2025 and March 31, 2024. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​
​ | ​ | March 31, | ​
​ |  | 2025 |  | 2024 |
Earnings per common share - basic: | ​ | ​ |  |  | ​ |  | ​
Income available to common shareholders (in thousands): | ​ | ​ |  |  | ​ |  | ​
Net income | ​ | $ | 4,810 | ​ | $ | 4,204 | ​
Less: Income attributable to unvested restricted stock awards | ​ |  | (18) | ​ |  | (14) | ​
Net income available to common shareholders | ​ | $ | 4,792 | ​ | $ | 4,190 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding: | ​ |  |  | ​ |  |  | ​
Common shares outstanding, including unvested restricted stock | ​ |  | 14,275,608 | ​ |  | 14,176,570 | ​
Less: Unvested restricted stock | ​ |  | (52,604) | ​ |  | (45,584) | ​
Weighted-average common shares outstanding - basic | ​ |  | 14,223,004 | ​ |  | 14,130,986 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common share - basic | ​ | $ | 0.34 | ​ | $ | 0.30 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common share - diluted: | ​ |  |  | ​ |  |  | ​
Income available to common shareholders (in thousands): | ​ |  |  | ​ |  |  | ​
Net income | ​ | $ | 4,810 | ​ | $ | 4,204 | ​
Less: Income attributable to unvested restricted stock awards | ​ |  | (18) | ​ |  | (14) | ​
Net income available to common shareholders | ​ | $ | 4,792 | ​ | $ | 4,190 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding: | ​ |  |  | ​ |  |  | ​
Common shares outstanding, including unvested restricted stock | ​ |  | 14,275,608 | ​ |  | 14,176,570 | ​
Less: Unvested restricted stock | ​ |  | (52,604) | ​ |  | (45,584) | ​
Plus: Effect of dilutive options | ​ |  | 18,068 | ​ |  | 50,268 | ​
Weighted-average common shares outstanding - diluted | ​ |  | 14,241,072 | ​ |  | 14,181,254 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common share - diluted | ​ | $ | 0.34 | ​ | $ | 0.30 | ​

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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