Three months ended

March 31,

2025

2024

(unaudited)

Basic

Net income

$

4,430

$

3,070

Earnings allocated to participating securities

(136

)

(57

)

Net income allocated to common shareholders

$

4,294

$

3,013

Weighted average common shares outstanding
   including unvested share-based payment
   awards

6,406,483

6,418,671

Less: Unvested share-based payment awards-
   2019 Incentive Plan

(120,834

)

(88,773

)

Average shares

6,285,649

6,329,898

Basic earnings per common share

$

0.68

$

0.48

Diluted

Net income allocated to common shareholders

$

4,294

$

3,013

Weighted average common shares outstanding
   for basic earnings per common share

6,285,649

6,329,898

Add:  Dilutive effects of unvested share-based
   payment awards-2019 Plan

—

27,400

Average shares and dilutive potential common
   shares

6,285,649

6,357,298

Diluted earnings per common share

$

0.68

$

0.47