Stockholders' Equity and Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

Stockholders' Equity and Earnings per Share [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss), by Category

The following tables present the changes in accumulated other comprehensive income (loss), by category, net of tax, for the periods indicated:

(dollars in thousands)	Unrealized Gains (Losses) on Available-for-Sale Securities			Accumulated Other Comprehensive (Loss) Income
Three Months Ended June 30, 2022
Balance at beginning of period	$	(9,458	)	$	(9,458	)
Net other comprehensive loss		(6,392	)		(6,392	)
Balance at end of period	$	(15,850	)	$	(15,850	)
Three Months Ended June 30, 2021
Balance at beginning of period	$	2,375		$	2,375
Net other comprehensive income		696			696
Balance at end of period	$	3,071		$	3,071

(dollars in thousands)	Unrealized Gains (Losses) on Available-for-Sale Securities			Accumulated Other Comprehensive (Loss) Income
Six Months Ended June 30, 2022
Balance at beginning of period	$	1,675		$	1,675
Net other comprehensive loss		(17,525	)		(17,525	)
Balance at end of period	$	(15,850	)	$	(15,850	)
Six Months Ended June 30, 2021
Balance at beginning of period	$	4,069		$	4,069
Net other comprehensive loss		(998	)		(998	)
Balance at end of period	$	3,071		$	3,071

Component of Accumulated Other Comprehensive Income (Loss) on Pre-Tax and After-Tax

The following tables present the change in each component of accumulated other comprehensive income (loss) on a pre-tax and after-tax basis for the periods indicated.

	Three Months Ended June 30, 2022
(dollars in thousands)	Pretax			Tax			Net-of-Tax
Unrealized losses on available-for-sale securities:
Unrealized holding losses arising during the period	$	(8,090	)	$	(1,698	)	$	(6,392	)
Total change in accumulated other comprehensive income, net	$	(8,090	)	$	(1,698	)	$	(6,392	)
	Three Months Ended June 30, 2021
(dollars in thousands)	Pretax			Tax			Net-of-Tax
Unrealized gains on available-for-sale securities:
Unrealized holding gains arising during the period	$	881		$	185		$	696
Total change in accumulated other comprehensive income, net	$	881		$	185		$	696

	Six Months Ended June 30, 2022
(dollars in thousands)	Pretax			Tax			Net-of-Tax
Unrealized losses on available-for-sale securities:
Unrealized holding losses arising during the period	$	(22,183	)	$	(4,658	)	$	(17,525	)
Total change in accumulated other comprehensive income, net	$	(22,183	)	$	(4,658	)	$	(17,525	)
	Six Months Ended June 30, 2021
(dollars in thousands)	Pretax			Tax			Net-of-Tax
Unrealized losses on available-for-sale securities:
Unrealized holding losses arising during the period	$	(1,263	)	$	(265	)	$	(998	)
Total change in accumulated other comprehensive income, net	$	(1,263	)	$	(265	)	$	(998	)

Computation of Earnings Per Share

The following is a reconciliation of the denominators of the basic and diluted EPS computations for the three and six months ended June 30, 2022 and 2021:

(dollars in thousands except per share data)	Net Income Available to Common Shareholders (Numerator)		Weighted Average Common Shares (Denominator)		Per Share  Amount
Three Months Ended June 30, 2022
Net income, basic	$	1,892		5,087	$	0.37
Potentially dilutive common shares - employee stock purchase program		-		-		-
Diluted	$	1,892		5,087	$	0.37
Three Months Ended June 30, 2021
Net income, basic	$	1,842		5,237	$	0.35
Potentially dilutive common shares - employee stock purchase program		-		-		-
Diluted	$	1,842		5,237	$	0.35
Six Months Ended June 30, 2022
Net income, basic	$	3,923		5,136	$	0.76
Potentially dilutive common shares - employee stock purchase program		-		-		-
Diluted	$	3,923		5,136	$	0.76
Six Months Ended June 30, 2021
Net income, basic	$	4,854		5,231	$	0.93
Potentially dilutive common shares - employee stock purchase program		-		-		-
Diluted	$	4,854		5,231	$	0.93