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Earnings Per Share | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
(In thousands, except per share data) | 2025 |  | 2024 |  | 2025 |  | 2024
Net income | $ | 18,297 |  |  | $ | 12,301 |  |  | $ | 36,801 |  |  | $ | 36,205 |
Weighted average common shares outstanding (basic) | 23,005,504 |  | 16,612,657 |  | 21,322,698 |  | 16,585,719
Effect of dilutive stock based compensation awards (includes unvested restricted stock and stock options) | 272,063 |  | 44,512 |  | 265,021 |  | 39,840
Weighted average common shares outstanding (diluted) | 23,277,567 |  | 16,657,169 |  | 21,587,719 |  | 16,625,559
Basic earnings per common share | $ | 0.80 |  |  | $ | 0.74 |  |  | $ | 1.73 |  |  | $ | 2.18 |
Diluted earnings per common share | 0.79 |  |  | 0.74 |  |  | 1.70 |  |  | 2.18 |
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 8,480 stock options that were anti-dilutive for the three and nine months ended September 30, 2025, respectively. These stock options were assumed in the William Penn acquisition. There were no antidilutive instruments for the three and nine months ended September 30, 2024.

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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 + Details
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