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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Summary of Reconciliation between Basic and Diluted Earnings Per Share

The following represents a reconciliation between basic and diluted earnings per share:

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

(Dollars in thousands, except per share data)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Earnings (loss) per common share - basic:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

   Net income (loss) applicable to common shareholders

 

$

44

 

 

$

(911

)

 

$

895

 

 

$

(987

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

   Weighted average common shares outstanding

 

 

4,101,543

 

 

 

4,638,225

 

 

 

4,447,432

 

 

 

4,648,651

 

   Earnings (loss) per common share - basic

 

$

0.01

 

 

$

(0.20

)

 

$

0.20

 

 

$

(0.21

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per common share - diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

   Net income (loss) applicable to common shareholders

 

$

44

 

 

$

(911

)

 

$

895

 

 

$

(987

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

   Weighted average common shares outstanding

 

 

4,101,543

 

 

 

4,638,225

 

 

 

4,447,432

 

 

 

4,648,651

 

   Dilutive effect of common stock equivalents(1)

 

 

241,212

 

 

 

—

 

 

 

237,460

 

 

 

—

 

   Weighted average diluted common shares outstanding

 

 

4,342,755

 

 

 

4,638,225

 

 

 

4,684,892

 

 

 

4,648,651

 

   Earnings (loss) per common share - diluted

 

$

0.01

 

 

$

(0.20

)

 

$

0.19

 

 

$

(0.21

)

(1) Not adjusted for potentially dilutive shares for periods where a net loss was recognized. The three and nine months ended September 30, 2023 excludes 32,393 of stock-based awards that could potentially dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share because to do so would have been antidilutive for the periods presented.