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Earnings Per Share
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Earnings per share are summarized for the years ended December 31, 2024 and 2023 as follows (in thousands, except per share data):
 Year Ended December 31,
 20242023
Net income$4,640 $7,439 
LESS: Participating dividends - Unvested RSAs(13)(12)
LESS: Income allocated to participating securities - Unvested RSAs(18)(35)
Net income available to common stockholders - basic4,609 7,392 
ADD BACK: Income allocated to participating securities - Unvested RSAs18 35 
LESS: Income reallocated to participating securities - Unvested RSAs(18)(35)
Net income available to common stockholders - diluted$4,609 $7,392 
Weighted average number of shares outstanding, basic2,542,805 2,562,182 
Effect of potentially dilutive common shares23,133 19,520 
Weighted average number of shares outstanding, diluted2,565,938 2,581,702 
Earnings per share, basic$1.81 $2.88 
Earnings per share, diluted$1.80 $2.86 
There were no anti-dilutive securities for the year ended December 31, 2024 and 7,892 anti-dilutive securities for the year ended December 31, 2023.