v3.25.1
Earnings Per Common Share
3 Months Ended
Mar. 31, 2025
Earnings per common share  
Earnings Per Common Share

NOTE 8 – Earnings Per Common Share

 

The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the three month periods ended March 31, 2025 and 2024. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options and unvested restricted stock that were outstanding at March 31, 2025. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At March 31, 2025 and 2024, there were 210,099 and 212,863 options, respectively, that were not considered in computing diluted earnings per common share because they were anti-dilutive.

 

           
     
   Three months ended
March 31,
 
(dollars in thousands, except share data)  2025   2024 
Numerator:        
Net income available to common shareholders  $5,266    2,522 
Denominator:          
Weighted-average common shares outstanding – basic   8,078,355    8,110,249 
Common stock equivalents   32,159    31,672 
Weighted-average common shares outstanding – diluted   8,110,514    8,141,921 
Earnings per common share:          
Basic  $0.65    0.31 
Diluted   0.65    0.31