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Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings per share:

Schedule of Shares Used in Calculation of Basic and Diluted Earnings Per Share

 Schedule of Shares Used in Calculation of Basic and Diluted Earnings Per Share

		2024				2023				2024				2023
		Three months ended								Nine months ended
(Dollars in thousands, except per share amounts)		September 30,								September 30,
		2024				2023				2024				2023
Net earnings		$	3,931			$	2,878			$	9,721			$	9,597
Weighted average common shares outstanding - basic (1)			5,490,808				5,479,909				5,477,453				5,476,703
Assumed exercise of stock options (1)			4,920				2,724				4,003				4,567
Weighted average common shares outstanding - diluted (1)			5,495,728				5,482,633				5,481,456				5,481,270
Earnings per share (1):
Basic (1)		$	0.72			$	0.53			$	1.77			$	1.75
Diluted (1)		$	0.72			$	0.52			$	1.77			$	1.75

(1) Share and per share values for the periods ended September 30, 2023 have been adjusted to give effect to the 5% stock dividend paid during December 2023.

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- References

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- Definition

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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