Per Share Information

3 Months Ended

Mar. 31, 2025

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 months ended March 31, 2025 and 2024:

	For the Three Months Ended March 31,
	2025		2024
	(Dollars in thousands, except per share data)
Net income	$	2,501	$	2,417
Weighted average common shares outstanding for basic EPS	4,538,361		4,519,209
Dilutive effect of stock-based awards (1)	28,609		17,972
Weighted average common and potential common shares for diluted EPS	4,566,970		4,537,181
Earnings per common share:
Basic EPS	$	0.55	$	0.53
Diluted EPS	$	0.55	$	0.53

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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.