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EARNINGS PER SHARE | 9 Months Ended
--- | ---
Sep. 30, 2025
EARNINGS PER SHARE |
EARNINGS PER SHARE | NOTE 4: EARNINGS PER SHARE ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended September 30,
​ | ​ | 2025 |  | 2024
​ |  | (In Thousands, Except Per Share Data)
Basic: | ​ | ​ | ​ | ​ | ​ | ​
Average common shares outstanding | ​ |  | 11,335 | ​ |  | 11,656
Net income |  | $ | 17,752 |  | $ | 16,490
Per common share amount |  | $ | 1.57 |  | $ | 1.41
​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted: | ​ | ​ | ​ | ​ | ​ | ​
Average common shares outstanding | ​ | ​ | 11,335 | ​ | ​ | 11,656
Net effect of dilutive stock options – based on the treasury stock method using average market price | ​ | ​ | 62 | ​ | ​ | 63
Diluted common shares | ​ | ​ | 11,397 | ​ | ​ | 11,719
Net income |  | $ | 17,752 |  | $ | 16,490
Per common share amount |  | $ | 1.56 |  | $ | 1.41
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine Months Ended September 30,
​ |  | 2025 |  | 2024
​ |  | (In Thousands, Except Per Share Data)
Basic: | ​ | ​ |  |  | ​ |
Average common shares outstanding | ​ | ​ | 11,479 |  | ​ | 11,688
Net income | ​ | $ | 54,698 | ​ | $ | 46,885
Per common share amount | ​ | $ | 4.77 | ​ | $ | 4.01
​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted: | ​ |  | ​ | ​ |  | ​
Average common shares outstanding | ​ |  | 11,479 | ​ |  | 11,688
Net effect of dilutive stock options – based on the treasury stock method using average market price | ​ |  | 62 | ​ |  | 58
Diluted common shares | ​ |  | 11,541 | ​ |  | 11,746
Net income | ​ | $ | 54,698 | ​ | $ | 46,885
Per common share amount | ​ | $ | 4.74 | ​ | $ | 3.99
​ Options outstanding at September 30, 2025 and 2024, to purchase 715,362 and 712,403 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three- and nine-month periods then ended because the exercise prices of such options were greater than the average market price of the common stock for the three- and nine-months ended September 30, 2025 and 2024, respectively.

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