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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2025
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 8.           EARNINGS PER SHARE

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The following table presents the calculation of earnings per share:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

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Three Months Ended

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Nine Months Ended

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September 30, 

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September 30, 

(in thousands, except per share and share data)

    

2025

    

2024

    

2025

    

2024

Net income

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$

8,855

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$

12,193

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$

25,158

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$

32,545

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​

​

​

​

​

​

​

​

​

​

​

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Average number of basic common shares outstanding(1)

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16,230,758

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15,260,942

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15,621,752

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15,229,029

Plus: dilutive effect of stock options and awards outstanding

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52,862

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65,132

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63,463

​

 

62,863

Average number of diluted common shares outstanding(2)

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16,283,620

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15,326,074

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15,685,215

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15,291,892

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​

​

​

​

​

​

​

​

​

​

​

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Earnings per share:

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​

 

  

​

 

  

​

 

  

Basic

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$

0.55

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$

0.80

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$

1.61

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$

2.14

Diluted

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​

0.54

​

​

0.80

​

​

1.60

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2.13

(1)The Company issued 1,350,464 shares of common stock in consideration for the acquisition of Guaranty. Refer to Note 2 of the consolidated financial statements for further details.
(2)Average diluted shares outstanding are computed using the treasury stock method.