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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Components of the Basic and Diluted Earnings Per Share

The reconciliation of the components of basic and diluted earnings per share is as follows (amounts in thousands, except per share amounts):

 

 

For the Year Ended
December 31,

 

 

 

2023

 

 

2022

 

Net income available to common shareholders

 

$

26,739

 

 

$

27,929

 

Weighted average common shares outstanding

 

 

6,969,533

 

 

 

6,641,358

 

Dilutive effect of stock options and restricted stock

 

 

95,210

 

 

 

108,066

 

Diluted common shares

 

 

7,064,743

 

 

 

6,749,424

 

Basic earnings per common share

 

$

3.84

 

 

$

4.21

 

Diluted earnings per common share

 

$

3.79

 

 

$

4.14