Earnings Per Share

9 Months Ended

Sep. 30, 2024

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


	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the nine months ended September 30, 2024
Net income as reported	$	19,763,000

Basic EPS: Income available to common shareholders	19,763,000		11,046,986	$	1.79
Effect of dilutive securities: restricted stock			87,102
Diluted EPS: Income available to common shareholders plus assumed conversions	$	19,763,000	11,134,088	$	1.78
For the nine months ended September 30, 2023
Net income as reported	$	22,839,000

Basic EPS: Income available to common shareholders	22,839,000		10,993,406	$	2.08
Effect of dilutive securities: restricted stock			84,089
Diluted EPS: Income available to common shareholders plus assumed conversions	$	22,839,000	11,077,495	$	2.06

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


	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the quarter ended September 30, 2024
Net income as reported	$	7,571,000
Basic EPS: Income available to common shareholders	7,571,000		11,057,872	$	0.69
Effect of dilutive securities: restricted stock			87,259
Diluted EPS: Income available to common shareholders plus assumed conversions	$	7,571,000	11,145,131	$	0.68
For the quarter ended September 30, 2023
Net income as reported	$	7,474,000
Basic EPS: Income available to common shareholders	7,474,000		11,003,987	$	0.68
Effect of dilutive securities: restricted stock			83,146
Diluted EPS: Income available to common shareholders plus assumed conversions	$	7,474,000	11,087,133	$	0.67