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Earnings Per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
There are no convertible securities which would affect the numerator in calculating basic and diluted earnings per share; therefore, net income as presented on the Consolidated Statements of Income is used as the numerator.
The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
(Dollars in thousands, except share and per share data)
Net Income$3,949 $2,650 $5,858 $6,847 
Weighted-Average Basic Common Shares Outstanding
5,022,813 5,142,139 5,073,911 5,136,021 
Dilutive Effect of Common Stock Equivalents (Stock Options and Restricted Stock)
309,213 10,518 314,013 15,167 
Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding
5,332,026 5,152,657 5,387,924 5,151,188 
Earnings Per Share:
Basic
$0.79 $0.52 $1.15 $1.33 
Diluted
0.74 0.51 1.09 1.33 
The dilutive effect on weighted average diluted common shares outstanding is the result of outstanding stock options and nonvested restricted stock. The following table presents for the periods indicated (a) options to purchase shares of common stock that were outstanding but not included in the computation of earnings per share because the options’ exercise price was greater than the average market price of the common shares for the period, and (b) shares of restricted stock awards that were not included in the computation of diluted earnings per share because the hypothetical repurchase of shares under the treasury stock method exceeded the weighted average nonvested restricted awards, therefore the effects would be anti-dilutive.
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Stock Options28,090 402,297 23,290 300,597 
Restricted Stock25,235 11,154 25,235 —