Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

The following table presents a reconciliation of the components used to compute basic and diluted earnings per share for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(Dollars in thousands, except share data)
Net income	$	1,488	$	2,808	$	3,610	$	6,068
Less: Earnings allocated to participating securities	(4)		(9)		(11)		(20)
Earnings allocated to common shareholders	$	1,484	$	2,799	$	3,599	$	6,048

Basic weighted average common shares outstanding	9,120,468		8,982,969		9,112,464		8,985,213
Dilutive stock options	3,759		96,386		28,412		98,323
Dilutive restricted stock grants	—		6,558		6,845		16,543
Diluted weighted average common shares outstanding	9,124,227		9,085,913		9,147,721		9,100,079

Basic earnings per share	$	0.16	$	0.31	$	0.39	$	0.67
Diluted earnings per share	$	0.16	$	0.31	$	0.39	$	0.66