Earnings Per Common Share

3 Months Ended

Mar. 31, 2026

EARNINGS PER COMMON SHARE (In Thousands, Except Per Share Amounts)

The following table presents a reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per common share ("EPS") for the three month periods ended March 31, 2026 and 2025.


Earnings Per Share
	Three Months Ended
	March 31, 2026		March 31, 2025
Earnings Per Share - Basic:
Net Income	$	13,485	$	6,310
Less: income attributable to unvested stock based compensation awards	(93)		(24)
Net earnings allocated to common shareholders	13,392		6,286
Weighted Average Shares - Basic	16,381,922		16,665,138
Earnings Per Share - Basic	$	0.82	$	0.38

Earnings Per Share - Diluted:
Net earnings allocated to common shareholders	$	13,392	$	6,286
Weighted Average Shares - Basic	16,381,922		16,665,138
Dilutive Average Shares attributable to stock based compensation awards	20,689		7,714
Weighted Average Shares - Diluted	16,402,611		16,672,852
Earnings Per Share - Diluted	$	0.82	$	0.38