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Earnings per Common Share (Tables)

3 Months Ended

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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- References

No definition available.

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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

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