Three Months Ended March 31,

($ and outstanding shares in thousands - except per share data)

2025

2024

Distributed earnings allocated to common shares

$

947

$

917

Undistributed earnings allocated to common shares

1,204

1,443

Net earnings allocated to common shares

2,151

2,360

Net earnings allocated to participating securities

7

8

Net Income allocated to common shares and participating securities

$

2,158

$

2,368

Weighted average shares outstanding for basic earnings per share

6,481

6,715

Dilutive effect of stock compensation

21

8

Weighted average shares outstanding for diluted earnings per share

6,502

6,723

Basic earnings per common share

$

0.33

$

0.35

Diluted earnings per common share

$

0.33

$

0.35