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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Summary of Composition of Earnings Per Share

The following table sets forth the composition of earnings per share:
 

 

 

Year Ended December 31,

 

(In Thousands, except share and per share data)

 

2025

 

 

2024

 

Net income

 

$

33,511

 

 

$

26,209

 

Basic weighted average common shares outstanding

 

 

37,173,548

 

 

 

36,990,672

 

Net effect of dilutive stock options and warrants

 

 

3,293

 

 

 

5,792

 

Net effect of dilutive restricted stock awards and units

 

 

138,803

 

 

 

109,150

 

Diluted weighted average common shares outstanding

 

 

37,315,644

 

 

 

37,105,614

 

Net income per common share:

 

 

 

 

 

 

Basic

 

$

0.90

 

 

$

0.71

 

Diluted

 

$

0.90

 

 

$

0.71

 

Schedule of Dilutive Securities Included in Computation of Earnings Per Share

The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were included in the computation of diluted earnings per common share for the years ended December 31, 2025 and 2024.

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

Stock Options

 

 

14,814

 

 

 

110,191

 

Warrants

 

 

 

 

 

 

Restricted Stock Awards and Units

 

 

420,129

 

 

 

388,083

 

Total dilutive securities

 

 

434,943

 

 

 

498,274

 

Schedule of Dilutive Securities Excluded in Computation of Earnings Per Share

The following is a summary of securities that could potentially dilute basic earnings per share in future periods that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented.

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

Stock Options

 

 

532,500

 

 

 

481,600

 

Warrants

 

 

1,537,484

 

 

 

1,537,484

 

Restricted Stock Awards and Units

 

 

 

 

 

5,000

 

Total anti-dilutive securities

 

 

2,069,984

 

 

 

2,024,084