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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2024
EARNINGS PER SHARE |
EARNINGS PER SHARE | ​ ​ NOTE 7. EARNINGS PER SHARE ​ The following table presents the calculation of earnings per share: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
(in thousands, except per share and share data) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Net income | ​ | $ | 12,193 | ​ | $ | 11,104 | ​ | $ | 32,545 | ​ | $ | 34,907
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Average number of basic common shares outstanding | ​ |  | 15,260,942 | ​ |  | 15,155,457 | ​ |  | 15,229,029 | ​ |  | 15,134,954
Plus: dilutive effect of stock options and awards outstanding | ​ |  | 65,132 | ​ |  | 40,067 | ​ |  | 62,863 | ​ |  | 53,765
Average number of diluted common shares outstanding(1) | ​ |  | 15,326,074 | ​ |  | 15,195,524 | ​ |  | 15,291,892 | ​ |  | 15,188,719
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Basic | ​ | $ | 0.80 | ​ | $ | 0.73 | ​ | $ | 2.14 | ​ | $ | 2.31
Diluted | ​ | ​ | 0.80 | ​ | ​ | 0.73 | ​ | ​ | 2.13 | ​ | ​ | 2.30
(1) | Average diluted shares outstanding are computed using the treasury stock method.

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