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Stockholders' Equity and Earnings per Common Share
 3 Months Ended
Mar. 31, 2025
Stockholders' Equity and Earnings Per Common Share [Abstract]  
Stockholders' Equity and Earnings per Common Share
Note 9. Stockholders’ Equity and Earnings per Common Share

Stockholders’ Equity – Accumulated Other Comprehensive Income (Loss)
The following table presents amounts reclassified out of accumulated other comprehensive income (loss), by category, during the three months ended March 31, 2025 and 2024, respectively.

   
Three Months Ended
    
   
March 31,
  
Affected Line Item on
Consolidated Statement of Income
(dollars in thousands)
  
2025
    
2024
  
Sale of securities
                                
Realized loss on sale of securities
  
$
(176
)
  
$
-
  
Loss on sale of securities, net
Tax effect
    
37
      
-
  
Income tax benefit
   
$
(139
)
  
$
-
    

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, 2025
            
Balance at beginning of period
  
$
(17,132
)
  
$
(17,132
)
Net other comprehensive income
    
1,664
      
1,664
  
Balance at end of period
  
$
(15,468
)
  
$
(15,468
)
                 
Three Months Ended March 31, 2024
                
Balance at beginning of period
  
$
(17,530
)
  
$
(17,530
)
Net other comprehensive loss
    
(268
)
    
(268
)
Balance at end of period
  
$
(17,798
)
  
$
(17,798
)

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, 2025
  
(dollars in thousands)
  
Pretax
    
Tax
    
Net-of-Tax
  
Unrealized gains on available-for-sale securities:
                  
Unrealized holding gains arising during the period
  
$
2,282
    
$
(479
)
  
$
1,803
  
Reclassification adjustment for net losses recognized in income
     (176 )     37       (139 )
 
     2,106       (442 )     1,664  
                         
Total change in accumulated other comprehensive loss, net
  
$
2,106
    
$
(442
)
  
$
1,664
  

   
Three Months Ended March 31, 2024
  
(dollars in thousands)
  
Pretax
    
Tax
    
Net-of-Tax
  
Unrealized losses on available-for-sale securities:
                  
Unrealized holding losses arising during the period
  
$
(339
)
  
$
71
    
$
(268
)
      (339 )     71       (268 )
                         
Total change in accumulated other comprehensive loss, net
  
$
(339
)
  
$
71
    
$
(268
)

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 the three months ended March 31, 2025 and 2024, respectively. Nonvested 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.