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Stockholders' Equity and Earnings per Common Share
 12 Months Ended
Dec. 31, 2024
Stockholders' Equity and Earnings Per Common Share [Abstract]  
Stockholders' Equity and Earnings Per Common Share
Note 10. Stockholders’ Equity and Earnings per Common Share

Stockholders’ Equity - Accumulated Other Comprehensive Loss

The following table presents 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
  2024
     2023
  
Sale of securities
                    
Realized loss on sale of securities
  
$
-
 
$
(134
)
Loss on sale of securities, net
Tax effect
    
-
   
(28
)
Income tax benefit

 
$
-
 
$
(106
)
  

The following tables present 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, 2024
            
Balance at beginning of period
  
$
(17,530
)
  
$
(17,530
)
Net other comprehensive income
    
398
      
398
  
Balance at end of period
  
$
(17,132
)
  
$
(17,132
)
                 
Year Ended December 31, 2023
                
Balance at beginning of period
  
$
(20,767
)
  
$
(20,767
)
Net other comprehensive income
    
3,237
      
3,237
  
Balance at end of period
  
$
(17,530
)
  
$
(17,530
)

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.

   
Year Ended December 31, 2024
  
(dollars in thousands)
  
Pretax
    
Tax
    
Net-of-Tax
  
Unrealized gains on available-for-sale securities:
                  
Unrealized holding gains arising during the period
  
$
504
    
$
(106
)
  
$
398
  
      504       (106 )     398  
                         
Total change in accumulated other comprehensive loss, net
  
$
504
    
$
(106
)
  
$
398
  

   
Year Ended December 31, 2023
  
(dollars in thousands)
  
Pretax
    
Tax
    
Net-of-Tax
  
Unrealized gains on available-for-sale securities:
                  
Unrealized holding gains arising during the period
  
$
3,964
    
$
(833
)
  
$
3,131
  
Reclassification adjustment for losses recognized in income
    134       (28 )     106  

    4,098       (861 )     3,237  

                       
Total change in accumulated other comprehensive loss, net
  
$
4,098
    
$
(861
)
  
$
3,237
  

Earnings Per Common Share

Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of potentially dilutive common shares attributable to the ESPP. The Company had no antidilutive shares outstanding in 2024 or 2023. Non-vested restricted common shares, which carry all rights and privileges of a common share with respect to the stock, including the right to vote, were included in the basic and diluted per common share calculations.