Earnings Per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table presents the reconciliation between the calculation of basic EPS and diluted EPS for the years ended December 31, 2024 and 2023:

	2024		2023
	(Dollars in thousands, except per share data)
Net income	$	8,761	$	11,257
Weighted average common shares outstanding for basic EPS	4,523,140		4,508,868
Dilutive effect of stock-based awards (1)	30,909		28,528
Weighted-average common and potential common shares for diluted EPS	4,554,049		4,537,396
Earnings per common share:
Basic EPS	$	1.94	$	2.50
Diluted EPS	$	1.92	$	2.48

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(1)Dilutive effect of stock based awards represents the effect of vesting of restricted stock units. Unvested awards do not have dividend or dividend equivalent rights.