EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

Basic earnings per share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding. Diluted earnings per share reflect additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options issued and the vesting of restricted stock units, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units.


	For the Three Months Ended March 31,
	2025		2024
Basic Earnings Per Share:
Net Income	$	10,351	$	8,119
Weighted average common shares outstanding	9,979,120		8,913,477
Basic earnings per share	$	1.04	$	0.91
Diluted Earnings Per Share:
Net income allocated to common shareholders	$	10,344	$	8,111
Weighted average common shares outstanding	9,979,120		8,913,477
Net dilutive effect of:
Assumed exercises of stock options and vesting of restricted stock units	93,209		129,645
Average shares and dilutive potential common shares	10,072,329		9,043,122
Dilutive earnings per share	$	1.03	$	0.90