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EARNINGS PER SHARE (“EPS”)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE (“EPS”) EARNINGS PER SHARE (“EPS”)
The following is a reconciliation of net income and shares outstanding to the income and number of shares used to compute EPS for the three months ended March 31, 2025 and 2024:
Three Months Ended
March 31,
(dollars in thousands, except share and per share data)20252024
Net income
$16,853 $4,935 
Weighted average common shares outstanding - basic32,318,809 18,426,848 
Dilutive effect of outstanding:
Stock options and unvested stock grants379,418 374,868 
Weighted average common shares outstanding - diluted
32,698,227 18,801,716 
Earnings per common share - basic
$0.52 $0.27 
Earnings per common share - diluted
$0.52 $0.26 

For the three months ended March 31, 2025 and 2024, there were 60,266 and 1,191, respectively, restricted stock units that were not included in the computation of diluted earnings per share, because they were anti-dilutive.