Three Months Ended

Six Months Ended

June 30,

2024

2023

2024

2023

(In thousands, except per share data)

Numerator:

Net income

$

2,501

$

3,350

$

924

$

4,270

Less: Income allocated to unvested participating securities

78

51

29

63

Net income available to common shareholders

$

2,423

$

3,299

$

895

$

4,207

Denominator:

Denominator for basic earnings per share — weighted average shares

6,072

6,032

6,068

6,030

Effect of dilutive securities:

Common stock equivalents

—

Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions

6,072

6,032

6,068

6,030

Earnings per share:

Basic

$

0.40

$

0.55

$

0.15

$

0.70

Diluted

$

0.40

$

0.55

$

0.15

$

0.70