| Calculations of Basic and Diluted Earnings Per Share |
| | | | | | | | | | | | | | Three Months Ended June 30, | Six Months Ended June 30, | (in thousands, except share and per share data) | | 2025 | | 2024 | 2025 | | 2024 | | | | | | | | | | | | | Net income available to common stockholders | | $ | 2,443 | | $ | 844 | $ | 3,964 | | $ | 4,905 | Less: Dividends paid and earnings allocated to participating securities | | | (64) | | | (21) | | (111) | | | (155) | Income attributable to common stock | | $ | 2,379 | | $ | 823 | $ | 3,853 | | $ | 4,750 | Weighted average common shares outstanding, including participating securities | | | 7,500,871 | | | 7,399,816 | | 7,482,307 | | | 7,388,021 | Less: Weighted average participating securities | | | (213,634) | | | (244,434) | | (226,709) | | | (251,100) | Weighted average common shares outstanding | | | 7,287,237 | | | 7,155,382 | | 7,255,598 | | | 7,136,921 | Basic EPS | | $ | 0.33 | | $ | 0.11 | $ | 0.53 | | $ | 0.67 | | | | | | | | | | | | | Income attributable to common stock | | $ | 2,379 | | $ | 823 | $ | 3,853 | | $ | 4,750 | Weighted average common shares outstanding | | | 7,287,237 | | | 7,155,382 | | 7,255,598 | | | 7,136,921 | Weighted average common equivalent shares outstanding | | | 5,713 | | | 49,294 | | 5,919 | | | 50,213 | Weighted average common and equivalent shares outstanding | | | 7,292,950 | | | 7,204,676 | | 7,261,517 | | | 7,187,134 | Diluted EPS | | $ | 0.33 | | $ | 0.11 | $ | 0.53 | | $ | 0.66 |
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