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Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings per Share [Abstract]  
Computation of Earnings per Share

The following table sets forth the computation of earnings per share.

   
Three months ended
June 30,
    
Six months ended
June 30,
  
   
2024
    
2023
    
2024
    
2023
  
Net income (loss) applicable to common stock
  
$
5,275,000
    
$
(4,144,000
 )
 
$
12,299,000
    
$
2,723,000
  
                                 
Basic earnings per share computation
                                
Weighted average common shares outstanding
    
4,748,927
      
4,159,966
      
4,748,523
      
4,106,005
  
Earnings (loss) per share - basic
  
$
1.11
    
$ 
(1.00
)
  
$
2.59
    
$
0.66
  
                                 
Diluted earnings per share computation
                                
Weighted average common shares outstanding for basic earnings per share
    
4,748,927
      
4,159,966
      
4,748,523
      
4,106,005
  
Add: Dilutive effects of restricted stock
    
4,770
      
-
      
5,395
      
-
  
Weighted average common shares outstanding for dilutive earnings per share
    
4,753,697
      
4,159,966
      
4,753,918
      
4,106,005
  
Earnings (loss) per share - diluted
  
$
1.11
    
$
(1.00
)
  
$
2.59
    
$
0.66