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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Summary of Significant Accounting Policies

Summary of estimated useful lives for premises and equipment

Buildings and improvements	10 - 50 years
Furniture and equipment	3 - 10 years
Leasehold improvements	lease term

Summary of other comprehensive loss

		Year Ended December 31,
(dollars in thousands)		2024				2023				2022
Beginning balance		$	(39,365	)			(47,597	)			96
Other comprehensive income (loss) before reclassifications, net			212				6,315				(47,693	)
Amounts reclassified from accumulated other comprehensive (gain) loss, net			(4	)			1,917				-
Net current period other comprehensive income (loss)			208				8,232				(47,693	)
Ending balance		$	(39,157	)			(39,365	)			(47,597	)

Reconciliations of the amounts used in the computation of both basic earnings per common share and diluted earnings per common share

For the year ended December 31, 2024
		Net Earnings (Dollars in thousands)				Weighted Average Number of Shares				Per Share Amount
Basic earnings per share		$	16,353				5,300,964			$	3.08
Effect of dilutive securities:
Restricted stock units - unvested			-				20,682
Shares held in deferred comp plan by deferred compensation trust							161,141
Diluted earnings per share		$	16,353				5,482,787			$	2.98

For the year ended December 31, 2023
		Net Earnings (Dollars in thousands)				Weighted Average Number of Shares				Per Share Amount
Basic earnings per share		$	15,546				5,424,890			$	2.87
Effect of dilutive securities:
Restricted stock units - unvested			-				18,971
Shares held in deferred comp plan by deferred compensation trust							166,353
Diluted earnings per share		$	15,546				5,610,214			$	2.77

For the year ended December 31, 2022
		Net Earnings (Dollars in thousands)				Weighted Average Number of Shares				Per Share Amount
Basic earnings per share		$	16,123				5,480,123			$	2.94
Effect of dilutive securities:
Restricted stock units - unvested			-				15,467
Shares held in deferred comp plan by deferred compensation trust							165,599
Diluted earnings per share		$	16,123				5,661,189			$	2.85

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

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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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