EARNINGS PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per share

The following presents the calculation of basic and diluted earnings per common share during the periods presented (dollars in thousands, except share and per share amounts):

	Three Months Ended March 31,
	2025		2024
Earnings per common share - Basic
Numerator:
Net income available for common shareholders	$	4,185	$	2,515
Denominator:
Basic weighted average shares	9,704,419		9,621,309
Earnings per common share - basic	$	0.43	$	0.26
Earnings per common share - Diluted
Numerator:
Net income available for common shareholders	$	4,185	$	2,515
Denominator:
Basic weighted average shares	9,704,419		9,621,309
Diluted effect of common stock equivalents:
Stock options	—		—
Time Vesting Units	48,949		27,435
Financial Performance Units	45,223		62,020
Total diluted effect of common stock equivalents	94,172		89,455
Diluted weighted average shares	9,798,591		9,710,764
Earnings per common share - diluted	$	0.43	$	0.26

Schedule of potentially dilutive securities

The following presents potentially dilutive securities excluded from the diluted earnings per share calculation during the periods presented:

	Three Months Ended March 31,
	2025	2024
Stock options	68,728	127,436
Time Vesting Units	60,277	131,859
Financial Performance Units	—	9,090
Total potentially dilutive securities	129,005	268,385