Note 12 - Earnings Per Share

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

12. Earnings per Share

The amounts used in computing earnings per share and the weighted average common shares outstanding are as follows: 

	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2025		2024		2025		2024
Basic earnings per common share
Net income	$	25,954	$	24,338	$	26,102	$	15,986
Less: Distributed and undistributed earnings allocated to nonvested shares		592		639		599		398
Net income allocated to common shareholders	$	25,362	$	23,699	$	25,503	$	15,588
Weighted average common shares outstanding		23,131,151		23,094,047		23,126,379		23,051,708
	$	1.10	$	1.03	$	1.10	$	0.68
Diluted earnings per common share
Net income allocated to common shareholders - basic	$	25,362	$	23,699	$	25,503	$	15,588
Add: Undistributed earnings allocated to nonvested shareholders		436		-		278		-
Net income allocated to common shareholders - diluted	$	25,798	$	23,699	$	25,781	$	15,588
Weighted average common shares outstanding - basic		23,131,151		23,094,047		23,126,379		23,051,708
Dilutive effect of participating securities		542,878		-		542,112		-
Weighted average common shares outstanding - diluted		23,674,029		23,094,047		23,668,491		23,051,708
	$	1.09	$	1.02	$	1.09	$	0.66