| Calculations of Basic and Diluted Earnings Per Share |
| | | | | | | | | Three Months Ended March 31, | (in thousands, except share and per share data) | | 2025 | | 2024 | | | | | | | | Net income available to common stockholders | | $ | 1,521 | | $ | 4,061 | Less: Dividends paid and earnings allocated to participating securities | | | (45) | | | (137) | Income attributable to common stock | | $ | 1,476 | | $ | 3,924 | Weighted average common shares outstanding, including participating securities | | | 7,463,537 | | | 7,376,227 | Less: Weighted average participating securities | | | (239,929) | | | (257,767) | Weighted average common shares outstanding | | | 7,223,608 | | | 7,118,460 | Basic EPS | | $ | 0.20 | | $ | 0.55 | | | | | | | | Income attributable to common stock | | $ | 1,476 | | $ | 3,924 | Weighted average common shares outstanding | | | 7,223,608 | | | 7,118,460 | Weighted average common equivalent shares outstanding | | | 5,952 | | | 44,699 | Weighted average common and equivalent shares outstanding | | | 7,229,560 | | | 7,163,159 | Diluted EPS | | $ | 0.20 | | $ | 0.55 |
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