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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Earnings Per Share | The following table presents the calculation of net income applicable to common stockholders and basic and diluted EPS for the three and six months ended June 30, 2024 and 2023:
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30,
($ in thousands, except share and per share data) |  | 2024 |  | 2023 |  |  |  |  |  | 2024 |  | 2023
Basic |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 5,436 |  |  | $ | 6,091 |  |  |  |  |  |  | $ | 10,662 |  |  | $ | 13,625 |
Distributed and undistributed earnings allocated to participating securities |  | (103) |  |  | (127) |  |  |  |  |  |  | (201) |  |  | (286) |
Net income allocated to common shares |  | $ | 5,333 |  |  | $ | 5,964 |  |  |  |  |  |  | $ | 10,461 |  |  | $ | 13,339 |
Weighted average common shares outstanding |  | 14,868,344 |  |  | 15,158,365 |  |  |  |  |  |  | 14,930,090 |  |  | 15,221,010 |
Basic earnings per common share |  | $ | 0.36 |  |  | $ | 0.39 |  |  |  |  |  |  | $ | 0.70 |  |  | $ | 0.88 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Net income allocated to common shares |  | $ | 5,333 |  |  | $ | 5,964 |  |  |  |  |  |  | $ | 10,461 |  |  | $ | 13,339 |
Weighted average common shares outstanding for basic earnings per common share |  | 14,868,344 |  |  | 15,158,365 |  |  |  |  |  |  | 14,930,090 |  |  | 15,221,010 |
Add: Dilutive effects of assumed exercises of stock options |  | — |  |  | 11,429 |  |  |  |  |  |  | — |  |  | 20,893 |
Average shares and dilutive potential common shares |  | 14,868,344 |  |  | 15,169,794 |  |  |  |  |  |  | 14,930,090 |  |  | 15,241,903 |
Diluted earnings per common share |  | $ | 0.36 |  |  | $ | 0.39 |  |  |  |  |  |  | $ | 0.70 |  |  | $ | 0.88 |

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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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