EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2025

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

2. EARNINGS (LOSS) PER SHARE

Earnings (loss) per share are calculated as follows (in thousands, except earnings per share):

	Three Months Ended March 31,
	2025		2024
Basic earnings per common share
Net income	$	3,327	$	1,147
Weighted average shares outstanding		5,304		5,309
Basic earnings per common share	$	0.63	$	0.22
Diluted earnings per common share
Net income	$	3,327	$	1,147
Weighted average shares outstanding		5,304		5,309
Dilutive effect of restricted stock		1		41
Total weighted average shares outstanding		5,305		5,350
Diluted earnings per common share	$	0.62	$	0.21

There was no restricted stock excluded from the diluted earnings per share calculation for the three month periods ended March 31, 2024 and March 31, 2023.