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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The diluted EPS calculation includes potential common shares assumed issued under the treasury stock method, which reflects the potential dilution that would occur if any restricted stock or RSUs vest.

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands, except share and per share amounts)

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

13,955

 

 

$

10,993

 

 

$

22,904

 

 

$

27,918

 

Basic weighted average common shares

 

 

19,038,360

 

 

 

19,083,232

 

 

 

19,037,339

 

 

 

19,102,700

 

Basic earnings per common share

 

$

0.73

 

 

$

0.58

 

 

$

1.20

 

 

$

1.46

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

13,955

 

 

$

10,993

 

 

$

22,904

 

 

$

27,918

 

Diluted weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

19,038,360

 

 

 

19,083,232

 

 

 

19,037,339

 

 

 

19,102,700

 

Restricted stock and RSUs

 

 

81,240

 

 

 

63,062

 

 

 

83,191

 

 

 

68,506

 

Diluted weighted average common shares

 

 

19,119,600

 

 

 

19,146,294

 

 

 

19,120,530

 

 

 

19,171,206

 

Diluted earnings per common share

 

$

0.73

 

 

$

0.57

 

 

$

1.20

 

 

$

1.46