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Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share ("EPS") is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding plus the effect of potentially dilutive common shares, which include stock options and unvested restricted stock awards, using the treasury stock method.
The following data shows the amounts used in computing basic and diluted earnings per common share:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands, except per share data)2025202420252024
Net income$4,762 $11,771 $18,504 $23,904 
Weighted average common shares outstanding (basic)21,566,61716,576,28320,467,34916,572,102
Effect of dilutive stock based compensation awards (includes unvested restricted stock and stock options)32,81829,070301,48536,761
Weighted average common shares outstanding (diluted)21,599,43516,605,35320,768,83416,608,863
Basic earnings per common share$0.22 $0.71 $0.90 $1.44 
Diluted earnings per common share0.22 0.71 0.89 1.44 
Anti-dilutive shares are common stock equivalents with weighted average exercise prices in excess of the weighted average market value for the periods presented. There were 367,400 and 111,994 stock options that were anti-dilutive for the three and six months ended June 30, 2025, respectively. These stock options were assumed in the William Penn acquisition. There were no antidilutive instruments for the three and six months ended June 30, 2024.