Per Share Information

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Per Share Information

Per Share Information

The following table presents the reconciliation between the calculation of basic EPS and diluted EPS for the three and nine months ended September 30, 2024 and 2023:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2024		2023		2024		2023
	(Dollars in thousands, except per share data)
Net income	$	1,324	$	2,532	$	5,760	$	8,208
Weighted average common shares outstanding for basic EPS	4,524,319		4,508,028		4,521,795		4,508,569
Dilutive effect of stock-based awards (1)	31,272		31,998		26,862		28,282
Weighted average common and potential common shares for diluted EPS	4,555,591		4,540,026		4,548,657		4,536,851
Earnings per common share:
Basic EPS	$	0.29	$	0.56	$	1.27	$	1.82
Diluted EPS	$	0.29	$	0.55	$	1.27	$	1.81

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(1)Dilutive effect of stock based awards represents the effect of assumed vesting of all outstanding equity compensation awards, which currently consist solely of restricted stock units to be settled in common stock. Unvested awards do not have dividend or dividend equivalent rights.