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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 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 | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(in thousands, except per share and share data) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Net income | ​ | $ | 6,092 | ​ | $ | 10,257 | ​ | $ | 16,303 | ​ | $ | 20,352
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Average number of basic common shares outstanding | ​ |  | 15,320,665 | ​ |  | 15,227,457 | ​ |  | 15,312,202 | ​ |  | 15,212,897
Plus: dilutive effect of stock options and awards outstanding | ​ |  | 51,536 | ​ |  | 47,964 | ​ |  | 69,864 | ​ |  | 59,782
Average number of diluted common shares outstanding(1) | ​ |  | 15,372,201 | ​ |  | 15,275,421 | ​ |  | 15,382,066 | ​ |  | 15,272,679
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Basic | ​ | $ | 0.40 | ​ | $ | 0.67 | ​ | $ | 1.06 | ​ | $ | 1.34
Diluted | ​ | ​ | 0.40 | ​ | ​ | 0.67 | ​ | ​ | 1.06 | ​ | ​ | 1.33
(1) | Average diluted shares outstanding are computed using the treasury stock method.

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