Schedule of Weighted Average Number of Shares |
The following is a reconciliation of the weighted-average common shares for the basic and diluted earnings per share computations for the three and six months ended June 30, 2025 and 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands, except share and per share data) | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Basic earnings per share | | | | | | | | | Net income | | $ | 193 | | | $ | 5,775 | | | $ | 1,136 | | | $ | 10,956 | | Weighted-average common shares | | 8,733,559 | | | 8,594,315 | | | 8,724,657 | | | 8,684,093 | | Basic earnings per common share | | $ | 0.02 | | | $ | 0.67 | | | $ | 0.13 | | | $ | 1.26 | | Diluted earnings per share | | | | | | | | | Net income | | $ | 193 | | | $ | 5,775 | | | $ | 1,136 | | | $ | 10,956 | | Weighted-average common shares | | 8,733,559 | | | 8,594,315 | | | 8,724,657 | | | 8,684,093 | | | | | | | | | | | Dilutive effect of equity compensation | | 26,815 | | | 61,900 | | | 59,348 | | | 65,924 | | Weighted-average common and incremental shares | | 8,760,374 | | | 8,656,215 | | | 8,784,005 | | | 8,750,017 | | Diluted earnings per common share 1 | | $ | 0.02 | | | $ | 0.67 | | | $ | 0.13 | | | $ | 1.25 | | | | | | | | | | |
1 Potential dilutive common shares are excluded from the computation of diluted EPS in the periods where the effect would be antidilutive. Excluded from the computation of diluted EPS were weighted-average antidilutive shares totaling 15,940 and 9,006 for the three and six months ended June 30, 2025, respectively. There were no antidilutive shares for both the three and six months ended June 30, 2024.
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