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Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share The following table provides a reconciliation of the numerator and the denominator of the basic net income per share computation with the numerator and the denominator of the diluted net income per share computation.
|  | Year Ended December 31, |  |
(In thousands, except share and per share data) |  | 2024 |  | 2023 |  |
Net income available to common shareholders |  | $ | 14,783 |  |  | $ | 19,796 |  |  |
Weighted average shares outstanding |  | 17,188,384 |  |  | 17,114,214 |  |  |
Add: dilutive effect of stock options and unvested restricted stock |  | 11,433 |  |  | 10,972 |  |  |
Weighted average shares outstanding adjusted for potential dilution |  | 17,199,817 |  |  | 17,125,186 |  |  |
Basic earnings per share |  | $ | 0.86 |  |  | $ | 1.16 |  |  |
Diluted earnings per share |  | $ | 0.86 |  |  | $ | 1.16 |  |  |
Weighted average anti-dilutive shares excluded from earnings per share calculation |  | 97,000 |  |  | 91,000 |  |  |
Dilutive income per share includes the effect of stock options, unvested restricted stock units, and other potentially dilutive securities using the treasury stock method. There is only one form of outstanding common stock. Holders of unvested restricted stock units do not receive dividends while holders of unvested restricted stock awards do receive dividends.

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