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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings per Share

The following table shows the calculation of both basic and diluted earnings per share for the years ended December 31, 2024, 2023 and 2022:

 

(In thousands, except share and per share data)

 

2024

 

 

2023

 

 

2022

 

Net income available to common shareholders

 

$

32,988

 

 

$

48,854

 

 

$

74,246

 

Basic weighted average shares outstanding

 

 

17,664,640

 

 

 

17,849,558

 

 

 

18,161,605

 

Plus: common stock equivalents

 

 

175,121

 

 

 

199,494

 

 

 

406,493

 

Diluted weighted average shares outstanding

 

 

17,839,761

 

 

 

18,049,052

 

 

 

18,568,098

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

1.87

 

 

$

2.74

 

 

$

4.09

 

Diluted

 

 

1.85

 

 

 

2.71

 

 

 

4.00