EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The Corporation has a simple capital structure. Basic earnings per share of common stock is calculated as net income available to common stockholders divided by the weighted average number of shares outstanding less unvested restricted stock at the end of the period. Diluted earnings per share is calculated as net income available to common stockholders divided by the weighted average number of shares outstanding.

	Years Ended December 31,
	2025		2024		2023
Weighted average shares outstanding (basic)	10,259,179		8,503,473		8,507,803
Dilutive effect of unvested shares	30,969		33,492		28,322
Weighted average shares outstanding (diluted)	10,290,148		8,536,965		8,536,125
Per share:
Basic	$	3.61	$	3.75	$	3.72
Diluted	3.60		3.73		3.71

There were no antidilutive instruments at December 31, 2025, 2024 and 2023.