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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 7.           EARNINGS PER SHARE

​

The following table presents the calculation of earnings per share:

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
(in thousands, except per share and share data)		2025			2024
Net income	​	$	10,211	​	$	10,095
​	​	​	​	​	​	​
Average number of basic common shares outstanding	​		15,303,645	​		15,198,337
Plus: dilutive effect of stock options and awards outstanding	​		88,894	​		71,496
Average number of diluted common shares outstanding(1)	​		15,392,539	​		15,269,833
​	​	​	​	​	​	​
Earnings per share:	​			​
Basic	​	$	0.67	​	$	0.66
Diluted	​	​	0.66	​	​	0.66

(1) Average diluted shares outstanding are computed using the treasury stock method.

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The entire disclosure for earnings per share.

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-Topic 260
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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-Topic 260
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