Earnings per share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes the computation of basic and diluted earnings per share for the three and six months ended June 30, 2023 and 2022:

(Net income in thousands)	Three Months Ended June 30,					Six Months Ended June 30,
	2023			2022		2023			2022
Basis (loss) earnings per share:
Net (loss) income attributable to Common shareholders	$	(615)		$	1,265	$	(1,314)		$	2,065
Divided by:
Weighted average shares outstanding	3,965,186			3,957,260		3,965,186			3,956,878
Basic (loss) earnings per share of common stock	$	(0.16)		$	0.32	$	(0.33)		$	0.52
Diluted (loss) earnings per share:
Net (loss) income attributable to Common shareholders	$	(615)		$	1,265	$	(1,314)		$	2,065
Weighted average shares outstanding	3,965,186			3,957,260		3,965,186			3,956,878
Effect of potentially dilutive restricted shares of common stock	—		(1)	9,819		—		(2)	8,395
Divided by:
Weighted average diluted shares outstanding	3,965,186			3,967,079		3,965,186			3,965,273
Diluted (loss) earnings per share of common stock	$	(0.16)		$	0.32	$	(0.33)		$	0.52

(1)	The weighted average diluted shares outstanding does not include 1,528 anti-dilutive restricted shares of common stock for the three months ended June 30, 2023.
(2)	The weighted average diluted shares outstanding does not include 427 anti-dilutive restricted shares of common stock for the six months ended June 30, 2023.