Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	2025		2024		2025		2024
Net income	$	2,052	$	795	$	3,219	$	1,564
LESS: Participating dividends - Unvested Restricted Stock Awards (“RSAs”)	(2)		(3)		(4)		(7)
LESS: Income allocated to participating securities - Unvested RSAs	(6)		(2)		(9)		(4)
Net income available to common stockholders - basic	2,044		790		3,206		1,554
ADD BACK: Income allocated to participating securities - Unvested RSAs	6		2		9		4
LESS: Income reallocated to participating securities - Unvested RSAs	(6)		(2)		(9)		(4)
Net income available to common stockholders - diluted	$	2,044	$	790	$	3,206	$	1,554
Weighted average number of shares outstanding, basic	2,556,562		2,540,538		2,555,413		2,539,872
Effect of potentially dilutive common shares	21,428		18,477		22,874		18,121
Weighted average number of shares outstanding, diluted	2,577,990		2,559,015		2,578,287		2,557,993
Earnings per share, basic	$	0.80	$	0.31	$	1.25	$	0.61
Earnings per share, diluted	$	0.79	$	0.31	$	1.24	$	0.61