(Loss ) Earnings Per Share

6 Months Ended

Jun. 30, 2024

16. (Loss) Earnings Per Share

The following represents a reconciliation between basic and diluted (loss) earnings per share:


	Three months ended June 30,					Six months ended June 30,
(Dollars in thousands, except per share data)	2025			2024		2025			2024
(Loss) earnings per common share - basic:
Numerator:
Net (loss) income applicable to common shareholders	$	(545	)	$	2,003	$	(1,148	)	$	851

Denominator:
Weighted average common shares outstanding		4,259,134			4,530,623		4,275,985			4,622,277
(Loss) earnings per common share - basic	$	(0.13	)	$	0.44	$	(0.27	)	$	0.18

(Loss) earnings per common share - diluted:
Numerator:
Net (loss) income applicable to common shareholders	$	(545	)	$	2,003	$	(1,148	)	$	851

Denominator:
Weighted average common shares outstanding		4,259,134			4,530,623		4,275,985			4,622,277
Dilutive effect of common stock equivalents(1)		—			236,511		—			235,938
Weighted average diluted common shares outstanding		4,259,134			4,767,134		4,275,985			4,858,215
(Loss) earnings per common share - diluted	$	(0.13	)	$	0.42	$	(0.27	)	$	0.18

(1) Not adjusted for potentially dilutive shares for periods where a net loss was recognized. The three and six months ended June 30, 2025 excludes 99,656 of stock-based awards that could potentially dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share because to do so would have been antidilutive for the periods presented.