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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

Earnings per share in the table below, for the three month periods ended March 31, 2026 and 2025 are calculated under the two-class method as required by ASC Topic 260, Earnings Per Share (ASC 260). ASC 260 provides that unvested share-based payment awards that contain nonforfeitable rights to dividends are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. Prior to 2019, the Company issued restricted stock awards that contained such rights and are therefore considered participating securities. Since 2019, the Company has issued restricted stock awards that do not have nonforfeitable rights to dividends and are therefore not considered participating securities. Basic earnings per common share are calculated by dividing net income allocable to common stock by the weighted average number of common shares, excluding participating securities, during the period. Diluted earnings per common share include the dilutive effect of participating securities.

			Three Months Ended
(In thousands, except share and per share data)			03/31/2026			03/31/2025
Basic
Net income available to common shareholders			$	26,074		$	19,679
Less: income attributable to unvested stock-based compensation awards			0			0
Net earnings allocated to common shareholders			26,074			19,679
Weighted average shares outstanding, including unvested stock-based compensation awards			14,416,228			14,434,637
Less: average unvested stock-based compensation awards			(165,259)			(188,497)
Weighted average shares outstanding - Basic			14,250,969			14,246,140
Diluted
Net earnings allocated to common shareholders			26,074			19,679
Weighted average shares outstanding - Basic			14,250,969			14,246,140
Plus: incremental shares from assumed conversion of stock-based compensation awards			96,545			73,300
Weighted average shares outstanding - Diluted			14,347,514			14,319,440
Basic EPS			$	1.83		$	1.38
Diluted EPS			$	1.82		$	1.37

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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