v3.26.1
Earnings (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Summary of Reconciliation between Basic and Diluted Earnings (Loss) Per Share

The following represents a reconciliation between basic and diluted earnings (loss) per share:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

(Dollars in thousands, except per share data)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Income (loss) earnings per common share - basic:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

   Net income (loss) applicable to common shareholders

 

$

249

 

 

$

(545

)

 

$

(259

)

 

$

(1,148

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

   Weighted average common shares outstanding

 

 

4,287,798

 

 

 

4,259,134

 

 

 

4,286,606

 

 

 

4,275,985

 

   Income (loss) earnings per common share - basic

 

$

0.06

 

 

$

(0.13

)

 

$

(0.06

)

 

$

(0.27

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) earnings per common share - diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

   Net income (loss) applicable to common shareholders

 

$

249

 

 

$

(545

)

 

$

(259

)

 

$

(1,148

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

   Weighted average common shares outstanding

 

 

4,287,798

 

 

 

4,259,134

 

 

 

4,286,606

 

 

 

4,275,985

 

   Dilutive effect of common stock equivalents(1)

 

 

337,379

 

 

 

—

 

 

 

—

 

 

 

—

 

   Weighted average diluted common shares outstanding

 

 

4,625,177

 

 

 

4,259,134

 

 

 

4,286,606

 

 

 

4,275,985

 

   Income (loss) earnings per common share - diluted

 

$

0.05

 

 

$

(0.13

)

 

$

(0.06

)

 

$

(0.27

)

(1) Not adjusted for potentially dilutive shares for periods where a net loss was recognized. The six months ended June 30, 2026 excludes 359,894 of stock-based awards that could potentially dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share because to do so would have been antidilutive for the periods presented. The three and six months ended June 30, 2025 excludes 447,006 and 451,344, respectively, of stock-based awards that could potentially dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share because to do so would have been antidilutive for the periods presented.