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Earnings Per Share

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 2 - EARNINGS PER SHARE

Earnings per share (“EPS”) have been computed based on the weighted average number of common shares outstanding during the periods presented. The average number of common shares used in the computation of basic and diluted earnings per share are set forth in the table below. There were no anti-dilutive shares in 2025 or 2024. Participating securities in the table reflect nonvested restricted shares that participate in dividends declared and paid by the Company on its common shares prior to vesting of the restricted shares.

		Three Months Ended Sep. 30,
($ and outstanding shares in thousands - except per share data)		2025				2024
Distributed earnings allocated to common shares		$	949			$	943
Undistributed earnings allocated to common shares			3,091				1,403
Net earnings allocated to common shares			4,040				2,346
Net earnings allocated to participating securities			6				8
Net Income allocated to common shares and participating securities		$	4,046			$	2,354
Weighted average shares outstanding for basic earnings per share			6,297				6,660
Dilutive effect of stock compensation			14				15
Weighted average shares outstanding for diluted earnings per share			6,311				6,675
Basic earnings per common share		$	0.64			$	0.35
Diluted earnings per common share		$	0.64			$	0.35

		Nine Months Ended Sep. 30,
($ and outstanding shares in thousands - except per share data)		2025				2024
Distributed earnings allocated to common shares		$	2,872			$	2,805
Undistributed earnings allocated to common shares			7,164				5,004
Net earnings allocated to common shares			10,036				7,809
Net earnings allocated to participating securities			20				26
Net Income allocated to common shares and participating securities		$	10,056			$	7,835
Weighted average shares outstanding for basic earnings per share			6,408				6,689
Dilutive effect of stock compensation			19				15
Weighted average shares outstanding for diluted earnings per share			6,427				6,704
Basic earnings per common share		$	1.57			$	1.17
Diluted earnings per common share		$	1.56			$	1.17

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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