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Earnings Per Common Share (EPS)
 3 Months Ended
Mar. 31, 2025
Earnings Per Common Share (EPS) [Abstract]  
Earnings Per Common Share (EPS) Note 3 – Earnings Per Common Share (EPS)

The following is a summary of the earnings per share calculation for the three months ended March 31, 2025 and 2024 (dollars in thousands except per share data):

Three Months Ended

March 31,

2025

2024

Net income

$         842

$       2,187

Weighted average number of shares outstanding - basic and diluted

4,543,338

4,543,338

Earnings per common share - basic and diluted

$              0.19

$               0.48

There were no potentially dilutive shares outstanding as of March 31, 2025 and 2024. Consequently, the weighted average shares and weighted average diluted shares were identical.