EARNINGS PER SHARE ("EPS") (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted EPS

The following tables set forth the calculation of basic and diluted EPS for the three and nine-month periods ended September 30, 2024 and 2023.

	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
	(Dollars in thousands except share and per share data)
Basic earnings per common share
Net income available to the Company	$	7,508	$	1,029	$	20,114	$	20,289
Less: Dividend on series B preferred stock	(5)		(7)		(16)		(20)
Net income available to common shareholders	7,503		1,022		20,098		20,269
Basic weighted-average common shares outstanding	11,959,546		11,945,844		11,960,173		11,945,144
Basic earnings per common share	$	0.63	$	0.09	$	1.68	$	1.70
Diluted earnings per common share
Net income available to common shares	$	7,503	$	1,022	$	20,098	$	20,269
Add: Dividend on series B preferred stock	5		7		16		20
Net income available to diluted common shares	7,508		1,029		20,114		20,289
Basic weighted-average common shares outstanding	11,959,546		11,945,844		11,960,173		11,945,144
Dilutive potential common shares	193,847		185,981		174,655		192,064
Diluted weighted-average common shares outstanding	12,153,393		12,131,825		12,134,828		12,137,208
Diluted earnings per common share	$	0.62	$	0.08	$	1.66	$	1.67