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Stockholders' Equity and Earnings per Common Share (Tables)
12 Months Ended
Dec. 31, 2022
Stockholders' Equity and Earnings Per Common Share [Abstract]  
Amounts Reclassified Out of Accumulated Other Comprehensive Loss, by Category
The following table presents information on amounts reclassified out of accumulated other comprehensive loss, by category, during the periods indicated:

  Years Ended
   
(dollars in thousands)
December 31,
 
Affected Line Item on
Consolidated Statement of Income
2022
  2021
 
Available-for-sale securities
             
Realized loss on sale of securities
 
$
(1,870
)
 
$
-
 
Loss on sale of available-for-sale securities, net
Tax effect
   
(393
)
   
-
 
Income tax benefit
   
$
(1,477
)
 
$
-
   
Changes in Accumulated Other Comprehensive Loss, by Category
The following table presents the changes in accumulated other comprehensive loss, by category, net of tax, for the periods indicated:

(dollars in thousands)
 
Unrealized Gains (Losses) on Available-for-Sale Securities
   
Accumulated Other Comprehensive (Loss)
Income
 
Year Ended December 31, 2022
           
Balance at beginning of period
 
$
1,675
   
$
1,675
 
Net other comprehensive loss
   
(22,442
)
   
(22,442
)
Balance at end of period
 
$
(20,767
)
 
$
(20,767
)
                 
Year Ended December 31, 2021
               
Balance at beginning of period
 
$
4,069
   
$
4,069
 
Net other comprehensive loss
   
(2,394
)
   
(2,394
)
Balance at end of period
 
$
1,675
   
$
1,675
 
Component of Accumulated Other Comprehensive Income on Pre-Tax and After-Tax
The following table presents the change in each component of accumulated other comprehensive income, net of tax on a pre-tax and after-tax basis for the periods indicated.

 
Year Ended December 31, 2022
 
(dollars in thousands)
Pretax
 
Tax
 
Net-of-Tax
 
Unrealized losses on available-for-sale securities:
           
Unrealized holding losses arising during the period
 
$
(30,382
)
 
$
6,463
   
$
(23,919
)
Reclassification adjustment for losses recognized in income
    1,870       (393 )     1,477  
      (28,512 )     6,070       (22,442 )
                         
Total change in accumulated other comprehensive income, net
 
$
(28,512
)
 
$
6,070
   
$
(22,442
)

   
Year Ended December 31, 2021
 
(dollars in thousands)
 
Pretax
   
Tax
   
Net-of-Tax
 
Unrealized losses on available-for-sale securities:
                 
Unrealized holding losses arising during the period
 
$
(3,030
)
 
$
(636
)
 
$
(2,394
)
 
                       
Total change in accumulated other comprehensive income, net
 
$
(3,030
)
 
$
(636
)
 
$
(2,394
)
Computation of Earnings Per Share
The following is a reconciliation of the denominators of the basic and diluted EPS computations for the years ended December 31, 2022 and 2021:

(dollars in thousands except per share data)
 
Net Income Available to
Common Shareholders
(Numerator)
   
Weighted Average
Common Shares
(Denominator)
   
Per Share Amount
 
Year Ended December 31, 2022
                 
Net income, basic
 
$
9,108
     
5,071
   
$
1.80
 
Potentially dilutive common shares - employee stock purchase program
   
-
     
-
     
-
 
Diluted
 
$
9,108
     
5,071
   
$
1.80
 
                         
Year Ended December 31, 2021
                       
Net income, basic
 
$
8,440
     
5,238
   
$
1.61
 
Potentially dilutive common shares - employee stock purchase program
   
-
     
-
     
-
 
Diluted
 
$
8,440
     
5,238
   
$
1.61