Three months ended

March 31,

2026

2025

(unaudited)

Basic

Net income

$

5,024

$

4,430

Earnings allocated to participating securities

(155

)

(136

)

Net income allocated to common shareholders

$

4,869

$

4,294

Weighted average common shares outstanding
   including unvested share-based payment
   awards

6,453,084

6,406,483

Less: Unvested share-based payment awards-
   2019 Incentive Plan

(166,787

)

(120,834

)

Average shares

6,286,297

6,285,649

Basic earnings per common share

$

0.77

$

0.68

Diluted

Net income allocated to common shareholders

$

4,869

$

4,294

Weighted average common shares outstanding
   for basic earnings per common share

6,286,297

6,285,649

Add: Dilutive effects of unvested share-based
   payment awards-2019 Plan

21,774

—

Average shares and dilutive potential common
   shares

6,308,071

6,285,649

Diluted earnings per common share

$

0.77

$

0.68