EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2025

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- and six-month periods ended June 30, 2025 and 2024, there were no potential common shares. Basic and diluted net income per common share calculations follow:

(Dollars in thousands, except per share data)	For the three months ended June 30,				For the six months ended June 30,
	2025		2024		2025		2024
Net income	$	2,532	$	1,684	$	4,440	$	3,470
Weighted average shares outstanding		23,607,372		23,692,984		23,616,941		23,714,675
Weighted average dilutive shares outstanding		23,607,372		23,692,984		23,616,941		23,714,675
Basic and diluted earnings per share	$	0.11	$	0.07	$	0.19	$	0.15