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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
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, 2022 and 2021 are as follows:

 

 

 

2022

 

 

2021

 

 

 

(Dollars in Thousands)

 

Cash paid during the year for:

 

 

 

 

 

 

Interest

 

$

3,873

 

 

$

3,018

 

Income taxes

 

 

2,855

 

 

 

1,375

 

Non-cash transactions:

 

 

 

 

 

 

Assets acquired in settlement of loans

 

 

907

 

 

 

806

 

Transfers of closed branch assets to OREO

 

 

391

 

 

 

1,978

 

Reissuance of treasury stock as compensation

 

 

138

 

 

 

59

 
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, 2022 and 2021.

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

Weighted average shares outstanding

 

 

5,969,575

 

 

 

6,205,261

 

Weighted average director deferred shares

 

 

114,483

 

 

 

114,096

 

Basic shares

 

 

6,084,058

 

 

 

6,319,357

 

Dilutive shares

 

 

419,650

 

 

 

420,250

 

Diluted shares

 

 

6,503,708

 

 

 

6,739,607

 

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

(Dollars in Thousands,
Except Per Share Data)

 

Net income

 

$

6,864

 

 

$

4,451

 

Basic net income per share

 

$

1.13

 

 

$

0.70

 

Diluted net income per share

 

$

1.06

 

 

$

0.66