Earnings Per Share

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Earnings Per Share

(4) Earnings Per Share. Basic earnings per share have been computed on the basis of the weighted-average number of shares of common stock outstanding during the periods. For the three months periods ended March 31, 2025 and 2024, the Company had 525,641 Series C Convertible Preferred outstanding, each share of Series C Convertible Preferred can be converted into one share of common stock under specific and limited circumstances at any time at the option of the holder. The conversion feature is considered to be diluted earnings per share (EPS) in accordance with ASC 260. The dilutive effect is calculated using the if-converted method.

	Three Months Ended
	March 31,
	2025						2024
			Weighted Average						Weighted Average
(dollars in thousands, except per share amounts)	Earnings		Shares		Amount		Earnings		Shares		Amount
Basic EPS:
Net earnings	$	3,870		11,704,610	$	0.33	$	2,377		7,616,305	$	0.31
Effect of conversion of series C preferred shares				525,641						17,328
Diluted EPS:
Net earnings	$	3,870		12,230,251	$	0.32	$	2,377		7,633,633	$	0.31