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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023 are as follows:

 

 

2024

 

 

2023

 

 

 

(Dollars in Thousands)

 

Cash paid during the year for:

 

 

 

 

 

 

Interest

 

$

22,390

 

 

$

14,033

 

Income taxes

 

 

2,797

 

 

 

2,375

 

Non-cash transactions:

 

 

 

 

 

 

Assets acquired in settlement of loans

 

 

1,701

 

 

 

1,178

 

Reissuance of treasury stock as compensation

 

 

158

 

 

 

134

 
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, 2024 and 2023.

 

Year Ended December 31,

 

 

2024

 

 

2023

 

Weighted average shares outstanding

 

 

5,741,056

 

 

 

5,851,702

 

Weighted average director deferred shares

 

 

109,066

 

 

 

112,857

 

Basic shares

 

 

5,850,122

 

 

 

5,964,559

 

Dilutive shares

 

 

268,250

 

 

 

411,900

 

Diluted shares

 

 

6,118,372

 

 

 

6,376,459

 

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

 

(Dollars in Thousands,
Except Per Share Data)

 

Net income

 

$

8,170

 

 

$

8,485

 

Basic net income per share

 

$

1.40

 

 

$

1.42

 

Diluted net income per share

 

$

1.33

 

 

$

1.33