Note 13 - Earnings Per Share

3 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 13 — EARNINGS PER SHARE

Basic and dilutive net earnings per share is computed based on the following information (in thousands, except for share data):

	Three Months Ended
	June 30,
	2025		2024
Numerator (basic and diluted)
Net earnings	$	5,028	$	2,567
Less: Allocation to unvested restricted stock awards		67		11
Net earnings attributable to common shareholders	$	4,961	$	2,556
Denominator (basic and diluted)
Weighted average common shares outstanding		6,965,880		6,939,208

For the three months ended June 30, 2025 and 2024, the Company allocated dividends and undistributed earnings to the unvested restricted stock awards. 

As the restricted stock qualifies as participating securities, the following restricted stock awards were not accounted in the computation of weighted average diluted common shares outstanding under the two-class method:

	Three Months Ended
	June 30,
	2025		2024
Restricted Stock Awards		69,628		24,218