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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2024
EARNINGS PER SHARE  
Calculations of Basic and Diluted Earnings Per Share

Three Months Ended March 31, 

(in thousands, except share and per share data)

    

2024

    

2023

Net income available to common stockholders

$

4,061

$

3,209

Less: Dividends paid and earnings allocated to participating securities

(137)

(137)

Income attributable to common stock

$

3,924

$

3,072

Weighted average common shares outstanding, including participating securities

7,376,227

7,324,036

Less: Weighted average participating securities

(257,767)

(313,463)

Weighted average common shares outstanding

 

7,118,460

 

7,010,573

Basic EPS

$

0.55

$

0.44

Income attributable to common stock

$

3,924

$

3,072

Weighted average common shares outstanding

 

7,118,460

 

7,010,573

Weighted average common equivalent shares outstanding

44,699

92,233

Weighted average common and equivalent shares outstanding

7,163,159

7,102,806

Diluted EPS

$

0.55

$

0.43