Three Months Ended March 31,

2024

2023

(dollars in thousands, except per share data)

Earnings per common share - basic:

Numerator:

Net income

$

6,888

$

12,416

Less dividends and undistributed earnings allocated
   to participating securities

(9

)

(26

)

Net income applicable to common shareholders

$

6,879

$

12,390

Denominator:

Weighted average common shares outstanding

7,835

7,792

 Earnings per common share - basic

$

0.88

$

1.59

Earnings per common share - diluted:

Numerator:

Net income

$

6,888

$

12,416

Less dividends and undistributed earnings allocated
   to participating securities

(9

)

(26

)

Net income applicable to common shareholders

$

6,879

$

12,390

Denominator:

Weighted average common shares outstanding

7,835

7,792

Dilutive effect of common stock equivalents

30

34

Weighted average diluted common shares outstanding

7,865

7,826

Earnings per common share - diluted

$

0.87

$

1.58