Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(Dollars in thousands, except per share data)
Net income	$	1,501	$	3,946	$	5,111	$	10,014
Less: Earnings allocated to participating securities	(4)		(13)		(15)		(33)
Earnings allocated to common shareholders	$	1,497	$	3,933	$	5,096	$	9,981

Basic weighted average common shares outstanding	9,127,568		8,981,037		9,117,554		8,983,806
Dilutive stock options	13,991		75,195		23,069		90,608
Dilutive restricted stock grants	8,500		12,309		6,086		13,792
Diluted weighted average common shares outstanding	9,150,059		9,068,541		9,146,709		9,088,206

Basic earnings per share	$	0.16	$	0.44	$	0.56	$	1.11
Diluted earnings per share	$	0.16	$	0.43	$	0.56	$	1.10