Basic and Diluted Earnings per Share

6 Months Ended

Jun. 30, 2026

Basic and Diluted Earnings per Share [Abstract]

‎

Note 10 – Basic and Diluted Earnings per Share

Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period, as adjusted for stock dividends and splits. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustments to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
	(Dollars In Thousands, Except Share and Per Share Data)

Net income	$	4,123	$	3,437	$	7,862	$	6,324

Weighted average shares outstanding		7,412,390		7,644,154		7,473,846		7,640,583
Dilutive effect of potential common shares, stock options		-		-		-		-
Diluted weighted average common shares outstanding		7,412,390		7,644,154		7,473,846		7,640,583

Basic earnings per share	$	0.56	$	0.45	$	1.05	$	0.83
Diluted earnings per share	$	0.56	$	0.45	$	1.05	$	0.83

All stock options were considered in computing diluted earnings per common share for the three and six months ended June 30, 2026 and June 30, 2025.