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Stockholders' Equity and Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2023
Stockholders' Equity and Earnings Per Common Share [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss), by Category
The following tables present the changes in accumulated other comprehensive income (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
 
             
Three Months Ended March 31, 2023
           
Balance at beginning of period
 
$
(20,767
)
 
$
(20,767
)
Net other comprehensive income
   
2,332
     
2,332
 
Balance at end of period
 
$
(18,435
)
 
$
(18,435
)
                 
Three Months Ended March 31, 2022
               
Balance at beginning of period
 
$
1,675
   
$
1,675
 
Net other comprehensive loss
   
(11,133
)
   
(11,133
)
Balance at end of period
 
$
(9,458
)
 
$
(9,458
)
Component of Accumulated Other Comprehensive Income (Loss) on Pre-Tax and After-Tax
The following tables present the change in each component of accumulated other comprehensive income (loss) on a pre-tax and after-tax basis for the periods indicated:

   
Three Months Ended March 31, 2023
 
(dollars in thousands)
 
Pretax
   
Tax
   
Net-of-Tax
 
Unrealized gains on available-for-sale securities:
                 
Unrealized holding gains arising during the period
 
$
2,952
 
$
620
 
$
2,332
 
                       
Total change in accumulated other comprehensive income, net
 
$
2,952
 
$
620
 
$
2,332

   
Three Months Ended March 31, 2022
 
(dollars in thousands)
 
Pretax
   
Tax
   
Net-of-Tax
 
Unrealized losses on available-for-sale securities:
                 
Unrealized holding losses arising during the period
 
$
(14,093
)
 
$
(2,960
)
 
$
(11,133
)
                         
Total change in accumulated other comprehensive loss, net
 
$
(14,093
)
 
$
(2,960
)
 
$
(11,133
)
Computation of Earnings Per Share
The following is a reconciliation of the denominators of the basic and diluted EPS computations for the three months ended March 31, 2023 and 2022:

(dollars in thousands except per share data)
 
Net Income Available to
Common Shareholders
(Numerator)
   
Weighted Average
Common Shares
(Denominator)
   
Per Share
Amount
 
Three Months Ended March 31, 2023
                 
Net income, basic
 
$
3,083
     
5,000
   
$
0.62
 
Potentially dilutive common shares - employee stock purchase program
   
-
     
-
     
-
 
Diluted
 
$
3,083
     
5,000
   
$
0.62
 
                         
Three Months Ended March 31, 2022
                       
Net income, basic
 
$
2,031
     
5,186
   
$
0.39
 
Potentially dilutive common shares - employee stock purchase program
   
-
     
-
     
-
 
Diluted
 
$
2,031
     
5,186
   
$
0.39