Earnings Per Share

6 Months Ended

Jun. 30, 2024

The following table sets forth the computation of basic and diluted EPS for the six months ended June 30, 2024 and 2023:


	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the six months ended June 30, 2024
Net income as reported	$	12,192,000

Basic EPS: Income available to common shareholders	12,192,000		11,041,483	$	1.10
Effect of dilutive securities: restricted stock			87,023
Diluted EPS: Income available to common shareholders plus assumed conversions	$	12,192,000	11,128,506	$	1.10
For the six months ended June 30, 2023
Net income as reported	$	15,365,000

Basic EPS: Income available to common shareholders	15,365,000		10,995,399	$	1.40
Effect of dilutive securities: restricted stock			83,888
Diluted EPS: Income available to common shareholders plus assumed conversions	$	15,365,000	11,079,287	$	1.39

The following table sets forth the computation of basic and diluted EPS for the quarters ended June 30, 2024 and 2023:


	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the quarter ended June 30, 2024
Net income as reported	$	6,171,000
Basic EPS: Income available to common shareholders	6,171,000		11,049,110	$	0.56
Effect of dilutive securities: restricted stock			88,081
Diluted EPS: Income available to common shareholders plus assumed conversions	$	6,171,000	11,137,191	$	0.55
For the quarter ended June 30, 2023
Net income as reported	$	7,394,000
Basic EPS: Income available to common shareholders	7,394,000		10,989,302	$	0.67
Effect of dilutive securities: restricted stock			83,501
Diluted EPS: Income available to common shareholders plus assumed conversions	$	7,394,000	11,072,803	$	0.67