(LOSSES) EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2024

(LOSSES) EARNINGS PER SHARE

(LOSSES) EARNINGS PER SHARE

NOTE 13 — (LOSSES) EARNINGS PER SHARE

Basic (losses) earnings per share is computed by dividing net (loss) income by the weighted-average number of common shares outstanding for the period. Diluted (losses) earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Corporation. At September 30, 2024 and 2023, there were no potential common shares outstanding. The following table sets forth the computation of basic and diluted (losses) earnings per share.

(In thousands, except earnings per share)	Three Months Ended
	September 30,
	2024		2023
Net income	$	1,507	$	1,283
Weighted-average common shares outstanding		6,185		6,065
Basic and diluted earnings per share	$	0.25	$	0.21

(In thousands, except earnings per share)	Nine Months Ended
	September 30,
	2024		2023
Net (loss) income	$	(15,490)	$	3,779
Weighted-average common shares outstanding		6,154		6,042
Basic and diluted (losses) earnings per share	$	(2.52)	$	0.62