Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Summary of earnings per share

The following schedule presents earnings per share data for the three-month periods ended March 31, 2024, and 2023 (in thousands, except per share data):

	Three months ended March 31,
	2024		2023
Net income applicable to common stock	$	4,345	$	6,097
Weighted average number of common shares outstanding		6,328		6,257
Basic earnings per share	$	0.69	$	0.97
Net income applicable to common stock	$	4,345	$	6,097
Weighted average number of common shares outstanding		6,328		6,257
Dilutive effect on common shares outstanding		90		129
Weighted average number of diluted common shares outstanding		6,418		6,386
Diluted earnings per share	$	0.68	$	0.95

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following schedule presents stock options granted but not exercised and the amount of share that were anti-dilutive because the weighted average exercise price equaled or exceeded the estimated fair value of our common stock for the three-months period ended March 31, 2024, and 2023:

	Three months ended March 31,
	2024				2023
	Options		Weighted Ave Exercise Price		Options		Weighted Ave Exercise Price
Options to purchase		245,633	$	21.38		374,496	$	22.01
Anti-dilutive		86,431	$	33.19		—	$	—