| Schedule of Earnings Per Common Share |
The following table summarizes the calculation of earnings per share for the periods indicated (dollars in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | 2026 | | 2025 | | 2026 | | 2025 | | Net income | $ | 2,518 | | | $ | 2,052 | | | $ | 4,091 | | | $ | 3,219 | | | LESS: Participating dividends - Unvested Restricted Stock Awards (“RSAs”) | (1) | | | (2) | | | (2) | | | (4) | | | LESS: Income allocated to participating securities - Unvested RSAs | (3) | | | (6) | | | (6) | | | (9) | | | Net income available to common stockholders - basic | 2,514 | | | 2,044 | | | 4,083 | | | 3,206 | | | ADD BACK: Income allocated to participating securities - Unvested RSAs | 3 | | | 6 | | | 6 | | | 9 | | | LESS: Income reallocated to participating securities - Unvested RSAs | (3) | | | (6) | | | (5) | | | (9) | | | Net income available to common stockholders - diluted | $ | 2,514 | | | $ | 2,044 | | | $ | 4,084 | | | $ | 3,206 | | | | | | | | | | | Weighted average number of shares outstanding, basic | 2,564,165 | | | 2,556,562 | | | 2,563,316 | | | 2,555,413 | | | Effect of potentially dilutive common shares | 10,466 | | | 21,428 | | | 11,073 | | | 22,874 | | | Weighted average number of shares outstanding, diluted | 2,574,631 | | | 2,577,990 | | | 2,574,389 | | | 2,578,287 | | | Earnings per share, basic | $ | 0.98 | | | $ | 0.80 | | | $ | 1.59 | | | $ | 1.25 | | | Earnings per share, diluted | $ | 0.98 | | | $ | 0.79 | | | $ | 1.59 | | | $ | 1.24 | |
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