Year Ended December 31,

(dollars in thousands, except for earnings per common share amounts)

2023

2022

Net (loss) income

$

(3,402

)

$

1,330

Less: convertible preferred stock dividends

115

—

Less: earnings allocated to participating securities

(11

)

(11

)

Net income allocated to common shareholders

$

(3,506

)

$

1,319

Basic weighted average common shares outstanding - Voting

3,654

2,359

Basic weighted average common shares outstanding - Non-Voting

373

—

Diluted weighted average common shares outstanding - Voting

3,656

2,371

Diluted weighted average common shares outstanding - Non-Voting

373

—

Basic earnings per common share - Voting

($

0.88

)

$

0.56

Basic earnings per common share - Non-Voting

($

0.88

)

—

Diluted earnings per common share - Voting

($

0.88

)

$

0.56

Diluted earnings per common share - Non-Voting

($

0.88

)

—