v3.26.1
Earnings Per Common Share (EPS)
12 Months Ended
Dec. 31, 2025
Earnings Per Common Share (EPS) [Abstract]  
Earnings Per Common Share (EPS) Note 13 – Earnings per common share (EPS)

Basic EPS excludes dilution and is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of common stock that then shared in the earnings of the entity.

The basic and diluted earnings per share calculations are as follows (dollars in thousands except per share data):

Year Ended December 31,

2025

2024

Net income

$               9,022

$               7,944

Weighted average number of shares outstanding - basic and diluted

4,543,338

4,543,338

Earnings per common shares - basic and diluted

$                 1.99

$                 1.75

There are currently no outstanding stock awards as of December 31, 2025 and 2024. There were no potentially dilutive shares outstanding in 2025 and 2024. Consequently, the weighted average shares and weighted average diluted shares were identical.