XML 30 R23.htm IDEA: XBRL DOCUMENT v3.25.3
Earnings Per Share (Tables)
 9 Months Ended
Sep. 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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands, except share and per share amounts)

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

13,818

 

 

$

14,324

 

 

$

36,722

 

 

$

42,242

 

Basic weighted average common shares

 

 

18,980,807

 

 

 

19,042,152

 

 

 

19,018,293

 

 

 

19,082,374

 

Basic earnings per common share

 

$

0.73

 

 

$

0.75

 

 

$

1.93

 

 

$

2.21

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

13,818

 

 

$

14,324

 

 

$

36,722

 

 

$

42,242

 

Diluted weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

18,980,807

 

 

 

19,042,152

 

 

 

19,018,293

 

 

 

19,082,374

 

Restricted stock and RSUs

 

 

91,254

 

 

 

70,951

 

 

 

88,263

 

 

 

74,602

 

Diluted weighted average common shares

 

 

19,072,061

 

 

 

19,113,103

 

 

 

19,106,556

 

 

 

19,156,976

 

Diluted earnings per common share

 

$

0.72

 

 

$

0.75

 

 

$

1.92

 

 

$

2.21