Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Calculations of Basic and Diluted Earnings Per Common Share

Presented below is a summary of the components used to calculate basic and diluted earnings per common share, which have been restated for all stock dividends:

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands, except per share data)	2023		2022		2023		2022
Basic and Diluted Earnings Per Share:
Net income available to shareholders	$	2,579	$	4,927	$	8,399	$	16,025
Basic weighted-average shares outstanding	7,039,323		7,039,323		7,039,323		7,071,051
Effect of dilutive equity-based awards	—		—		—		—
Diluted weighted-average shares outstanding	7,039,323		7,039,323		7,039,323		7,071,051
Basic earnings per share	$	0.36	$	0.70	$	1.19	$	2.27
Diluted earnings per share	$	0.36	$	0.70	$	1.19	$	2.27