Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2025

Earnings (Loss) Per Common Share [Abstract]

Earnings (Loss) Per Common Share

Note 9. Earnings (Loss) Per Common Share

A reconciliation of the numerator and denominator used in the earnings (loss) per common share calculations is as follows:

	Three Months Ended March 31, 2025
	Earnings			Weighted Average Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share:
Net income	$	802			20,400
Less preferred stock dividends		(99	)		-
Net income applicable to common shareholders	$	703			20,400	$	0.03

	Three Months Ended March 31, 2024
	Loss			Weighted Average Shares (In thousands)		Per Share Amount
Basic and Diluted Loss Per Common Share:
Net loss	$	(1,998	)		20,402
Less preferred stock dividends		(99	)		-
Net loss applicable to common shareholders	$	(2,097	)		20,402	$	(0.10	)

The assumed conversion of the Company’s Series D preferred stock was excluded from the earnings (loss) per common share calculation for three month periods ended March 31, 2025 and 2024, since its impact would have been antidilutive.