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Earnings Per Common Share ("EPS") (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Reconciliation of Earnings and Shares Used in Calculating Basic and Diluted EPS

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS (in thousands, except per share amounts). All outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities. There were no participating securities outstanding for the three and six months ended June 30, 2025 and 2024. Therefore, the two-class method of calculating basic and diluted EPS was not applicable for the periods presented.

		Three months ended June 30,								Six months ended June 30,
		2025				2024				2025				2024
Net income available to common shareholders		$	17,168			$	25,265			$	33,681			$	26,970
Weighted average common shares outstanding:
Total shares issued			20,700				16,100				20,700				16,100
Unvested restricted stock awards			(10	)			(10	)			(10	)			(10	)
Treasury shares			(583	)			(646	)			(600	)			(666	)
Total basic weighted average common shares outstanding			20,107				15,444				20,090				15,424
Incremental shares from assumed:
Vesting of restricted stock awards			187				112				201				127
Total diluted weighted average common shares outstanding			20,294				15,556				20,291				15,551
Basic earnings per common share		$	0.85			$	1.64			$	1.68			$	1.75
Diluted earnings per common share		$	0.85			$	1.62			$	1.66			$	1.73

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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