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Earnings per Share (Tables)

9 Months Ended

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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- 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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