EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

EARNINGS PER SHARE

EARNINGS PER SHARE

10.          EARNINGS PER SHARE

The following table reconciles the number of shares of common stock used to compute basic and diluted earnings per share of common stock:

	Three Months Ended
	March 31
(in thousands, except share and per share amounts)	2025		2024
BASIC EARNINGS PER SHARE OF COMMON STOCK:
Net income - basic	$	8,065	$	17,023
Weighted shares outstanding		11,449,893		11,452,054
Basic earnings per share of common stock	$	0.70	$	1.49
DILUTED EARNINGS PER SHARE OF COMMON STOCK:
Net income - basic	$	8,065	$	17,023
Weighted shares outstanding - basic		11,449,893		11,452,054
Effect of dilutive securities		163,853		103,951
Weighted shares outstanding - diluted		11,613,746		11,556,005
Diluted earnings per share of common stock	$	0.69	$	1.47