EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2024

Earnings per share

EARNINGS PER SHARE

NOTE 3 EARNINGS PER SHARE

Basic earnings per share computations are based on the weighted average number of shares outstanding during each period. Diluted earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. For the three-month and nine-month periods ended September 30, 2024 and 2023, there were no potential common shares. Basic and diluted net income per common share calculations follows:

(Dollars in thousands, except per share data)	For the three months ended September 30,				For the nine months ended September 30,
	2024		2023		2024		2023
Net income	$	2,108	$	1,890	$	5,578	$	5,635
Weighted average shares outstanding		23,658,248		23,793,170		23,695,385		23,817,236
Weighted average dilutive shares outstanding		23,658,248		23,793,170		23,695,385		23,817,236
Basic and diluted earnings per share	$	0.09	$	0.08	$	0.24	$	0.24