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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures

Supplemental disclosures of cash flow information and non-cash transactions related to cash flows for the years ended December 31, 2021 and 2020 are as follows:

 

 

 

2021

 

 

2020

 

 

 

(Dollars in Thousands)

 

Cash paid during the year for:

 

 

 

 

 

 

 

 

Interest

 

$

3,018

 

 

$

4,856

 

Income taxes

 

 

1,375

 

 

 

186

 

Non-cash transactions:

 

 

 

 

 

 

 

 

Assets acquired in settlement of loans

 

 

806

 

 

 

1,388

 

Transfers of closed branch assets to OREO

 

 

1,978

 

 

 

—

 

Reissuance of treasury stock as compensation

 

 

59

 

 

 

449

 
Schedule of Earnings Per Share, Basic and Diluted The following table reflects weighted average shares used to calculate basic and diluted net income per share for the years ended December 31, 2021 and 2020.

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Basic shares

 

 

6,319,357

 

 

 

6,281,467

 

Dilutive shares

 

 

420,250

 

 

 

421,000

 

Diluted shares

 

 

6,739,607

 

 

 

6,702,467

 

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

 

(Dollars in Thousands,

Except Per Share Data)

 

Net income

 

$

4,451

 

 

$

2,707

 

Basic net income per share

 

$

0.70

 

 

$

0.43

 

Diluted net income per share

 

$

0.66

 

 

$

0.40