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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2026

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

​

​	​	​	​	​	​	​
​	​ ​ ​	Three Months Ended March 31,
​	​	2026		​ ​ ​	2025
​	​ ​ ​	(In Thousands, Except Per Share Data)
Basic:	​	​	​	​	​	​
Average common shares outstanding	​		10,988	​		11,640
Net income		$	17,476		$	17,160
Per common share amount		$	1.59		$	1.47
​	​	​	​	​	​	​
Diluted:	​	​	​	​	​	​
Average common shares outstanding	​	​	10,988	​	​	11,640
Net effect of dilutive stock options – based on the treasury stock method using average market price	​	​	61	​	​	52
Diluted common shares	​	​	11,049	​	​	11,692
Net income		$	17,476		$	17,160
Per common share amount		$	1.58		$	1.47

​

Options outstanding at March 31, 2026 and 2025, to purchase 581,322 and 854,813 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three-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 months ended March 31, 2026 and 2025, respectively.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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