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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule Of Earnings Per Share Basic And Diluted

The following table presents a reconciliation of net income available to common shareholders and the number of shares used in the calculation of basic and diluted earnings per common share shown on the consolidated statements of income.

 

 

For the Years Ended December 31,

 

(Dollars in thousands, except share and per share data)

 

2022

 

 

2021

 

 

2020

 

Net income

 

$

18,659

 

 

$

11,424

 

 

$

12,115

 

Less dividends declared, Preferred Series A stock

 

 

1,418

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

17,241

 

 

$

11,424

 

 

$

12,115

 

Weighted-average shares outstanding for basic earnings per common share

 

 

13,465,196

 

 

 

7,874,110

 

 

 

6,232,115

 

Dilutive effect of stock compensation

 

 

289,414

 

 

 

264,714

 

 

 

97,645

 

Weighted-average shares outstanding for diluted earnings per common share

 

 

13,754,610

 

 

 

8,138,824

 

 

 

6,329,760