XML 19 R9.htm IDEA: XBRL DOCUMENT

EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2025

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

2. EARNINGS PER SHARE

Earnings per share are calculated as follows (in thousands, except earnings per share):

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
Basic earnings per common share

Net income		$	2,877			$	3,150			$	10,375			$	6,278

Weighted average shares outstanding			5,305				5,304				5,305				5,283

Basic earnings per common share		$	0.54			$	0.59			$	1.96			$	1.18

Diluted earnings per common share

Net income		$	2,877			$	3,150			$	10,375			$	6,278

Weighted average shares outstanding			5,305				5,304				5,305				5,283
Dilutive effect of restricted stock			—				—				(1	)			—

Total weighted average shares outstanding			5,305				5,304				5,304				5,283

Diluted earnings per common share		$	0.54			$	0.59			$	1.96			$	1.18

There was no restricted stock excluded from the diluted earnings per share calculation for the three and nine month periods ended September 30, 2025 and September 30, 2024.