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Earnings per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Calculations of Basic and Diluted Earnings Per Common Share | Presented below is a summary of the components used to calculate basic and diluted earnings per common share, which have been restated for all stock dividends:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(dollars in thousands, except per share data) | 2024 |  | 2023 |  | 2024 |  | 2023
Basic and Diluted Earnings Per Share: |  |  |  |  |  |  |
Net income available to shareholders | $ | 4,574 |  | $ | 2,579 |  | $ | 13,659 |  | $ | 8,399
Basic weighted-average shares outstanding | 6,986,723 |  | 7,039,323 |  | 7,004,883 |  | 7,039,323
Effect of dilutive equity-based awards | — |  | — |  | — |  | —
Diluted weighted-average shares outstanding | 6,986,723 |  | 7,039,323 |  | 7,004,883 |  | 7,039,323
Basic earnings per share | $ | 0.66 |  | $ | 0.36 |  | $ | 1.95 |  | $ | 1.19
Diluted earnings per share | $ | 0.66 |  | $ | 0.36 |  | $ | 1.95 |  | $ | 1.19

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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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