Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings per Share [Abstract]

Computation of Earnings per Share

The following table sets forth the computation of earnings per share.

	Three months ended
	March 31,
	2025		2024
Net income applicable to common stock	$	7,621,000	$	7,024,000
Basic earnings per share computation
Weighted average common shares outstanding		4,750,538		4,748,442
Earnings per share - basic	$	1.60	$	1.48
Diluted earnings per share computation
Weighted average common shares outstanding for basic earnings per share		4,750,538		4,748,442
Add: Dilutive effects of restricted stock		1,405		-
Weighted average common shares outstanding for dilutive earnings per share		4,751,943		4,748,442
Earnings per share - diluted	$	1.60	$	1.48