Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Common Share

The following table summarizes the calculation of earnings per share for the periods indicated (in thousands, except per share data):

	Three Months Ended
	2025		2024
Net income	$	1,167	$	770
LESS: Participating dividends - Unvested Restricted Stock Awards (“RSAs”)	(2)		(3)
LESS: Income allocated to participating securities - Unvested RSAs	(3)		(2)
Net income available to common stockholders - basic	1,162		765
ADD BACK: Income allocated to participating securities - Unvested RSAs	3		2
LESS: Income reallocated to participating securities - Unvested RSAs	(3)		(2)
Net income available to common stockholders - diluted	$	1,162	$	765
Weighted average number of shares outstanding, basic	2,554,265		2,539,213
Effect of potentially dilutive common shares	24,344		17,745
Weighted average number of shares outstanding, diluted	2,578,609		2,556,958
Earnings per share, basic	$	0.45	$	0.30
Earnings per share, diluted	$	0.45	$	0.30