EARNINGS PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Calculation of Basic Earnings Per Share

The calculation of basic earnings per share for the three month periods ended March 31, 2026 and 2025 is shown below (in thousands, except share and per share data):


	For the Three Months Ended
	March 31, 2026		March 31, 2025
Net income	$	9,199	$	6,023
(Less) allocation of earnings & dividends to participating securities	(117)		(75)
Net income available to common shareholders	$	9,082	$	5,948

Weighted average common shares outstanding	4,824,821		4,790,880
(Less) participating securities	(61,316)		(59,599)
Weighted average number of shares outstanding used in the calculation of basic earnings per share	4,763,505		4,731,281
Basic earnings per common share	$	1.91	$	1.26