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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Components of Basic and Diluted Net Income per Common Share

The components of basic and diluted net income per common share available to common stockholders for the three and nine months ended September 30, 2025 and 2024 were as follows:

 

 

Three months ended

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Basic net income per common share

 

 

 

 

 

 

 

 

 

 

 

 

Available to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

22,462,000

 

 

$

19,482,000

 

 

$

68,071,000

 

 

$

59,730,000

 

Weighted average common shares outstanding

 

 

23,876,020

 

 

 

23,905,099

 

 

 

23,867,537

 

 

 

23,891,430

 

Basic earnings per common share

 

$

0.94

 

 

$

0.81

 

 

$

2.85

 

 

$

2.50

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

 

 

 

 

 

 

 

 

 

 

 

Available to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to diluted earnings per share

 

$

22,462,000

 

 

$

19,482,000

 

 

$

68,071,000

 

 

$

59,730,000

 

Weighted average common shares outstanding

 

 

23,876,020

 

 

 

23,905,099

 

 

 

23,867,537

 

 

 

23,891,430

 

Dilutive potential common shares: restricted stock awarded

 

 

121,178

 

 

 

101,548

 

 

 

114,401

 

 

 

97,048

 

Diluted weighted average common shares outstanding

 

 

23,997,198

 

 

 

24,006,647

 

 

 

23,981,938

 

 

 

23,988,478

 

Diluted earnings per common share

 

$

0.94

 

 

$

0.81

 

 

$

2.84

 

 

$

2.49