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Earnings Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share  
Earnings Per Share

3.     Earnings Per Share

Earnings per common share have been computed based on the following:

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For the three months ended

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For the nine months ended

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September 30, 

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September 30, 

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2024

    

2023

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2024

    

2023

    

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(In thousands, except per share data)

Net income, as reported

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$

8,906

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$

7,835

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$

17,912

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$

20,565

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Divided by:

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Total weighted average common shares outstanding and common stock equivalents

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29,742

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29,703

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29,758

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30,017

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Basic earnings per common share

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$

0.30

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$

0.26

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$

0.60

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$

0.69

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Diluted earnings per common share

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$

0.30

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$

0.26

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$

0.60

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$

0.69

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Dividend Payout ratio

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73.3

%  

 

84.6

%  

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110.0

%  

 

95.7

%  

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