v3.25.2
EARNINGS PER COMMON SHARE (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of basic and diluted earnings per share
The following presents the calculation of basic and diluted earnings per common share during the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
dollars in thousands, except share and per share amounts
2025202420252024
Earnings per common share - Basic
Numerator:
Net income available for common shareholders$2,503 $1,076 $6,688 $3,591 
Denominator:
Basic weighted average shares9,707,9249,647,3459,706,1819,647,509
Earnings per common share - basic$0.26 $0.11 $0.69 $0.37 
Earnings per common share - Diluted
Numerator:
Net income available for common shareholders$2,503 $1,076 $6,688 $3,591 
Denominator:
Basic weighted average shares9,707,9249,647,3459,706,1819,647,509
Diluted effect of common stock equivalents:
Stock options— ———
Time Vesting Units 39,77518,49544,36222,965
Financial Performance Units61,62284,82753,42373,424
Total diluted effect of common stock equivalents101,397103,32297,78596,389
Diluted weighted average shares9,809,3219,750,6679,803,9669,743,898
Earnings per common share - diluted$0.26 $0.11 $0.68 $0.37 
Schedule of potentially dilutive securities The following presents potentially dilutive securities excluded from the diluted earnings per share calculation during the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Stock options68,72888,93668,728108,186 
Time Vesting Units28,170103,75244,224117,806 
Financial Performance Units———4,545 
Total potentially dilutive securities96,898192,688112,952230,537