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EARNINGS PER COMMON SHARE (Tables) | 6 Months Ended
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Jun. 30, 2026
EARNINGS PER COMMON SHARE |
Schedule of reconciliation of the numerator and denominator of earnings per share calculations | The following table provides a reconciliation of the numerator and denominator of earnings per share calculations (amounts in thousands, except per share amounts): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025 | ​ ​ ​ | 2026 | ​ ​ ​ | 2025 | ​
Numerator for basic and diluted earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 15,665 | ​ | $ | 9,418 | ​ | $ | 21,905 | ​ | $ | 13,587 | ​
Deduct net income attributable to non-controlling interests | ​ |  | (7) | ​ |  | (987) | ​ |  | (10) | ​ |  | (1,001) | ​
Deduct earnings allocated to unvested restricted stock (a) | ​ |  | (533) | ​ | ​ | (332) | ​ | ​ | (746) | ​ | ​ | (666) | ​
Net income available for common stockholders: basic and diluted | ​ | $ | 15,125 | ​ | $ | 8,099 | ​ | $ | 21,149 | ​ | $ | 11,920 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator for basic earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of common shares outstanding | ​ |  | 21,075 | ​ | ​ | 20,853 | ​ | ​ | 21,065 | ​ | ​ | 20,836 | ​
Effect of dilutive securities: RSUs | ​ |  | 123 | ​ | ​ | 114 | ​ | ​ | 111 | ​ | ​ | 112 | ​
Denominator for diluted earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of shares | ​ |  | 21,198 | ​ |  | 20,967 | ​ |  | 21,176 | ​ |  | 20,948 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common share: basic | ​ | $ | .72 | ​ | $ | .39 | ​ | $ | 1.00 | ​ | $ | .57 | ​
Earnings per common share: diluted | ​ | $ | .71 | ​ | $ | .39 | ​ | $ | 1.00 | ​ | $ | .57 | ​
(a) | Represents an allocation of distributed earnings to unvested restricted stock that, as participating securities, are entitled to receive dividends.
Schedule of impact to the diluted weighted average number of shares of common stock related to the RSUs | The following table identifies the number of shares of common stock underlying the RSUs that are included in the calculation, on a diluted basis, for such periods: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30, 2026:
​ | ​ ​ ​ | Total Number | ​ ​ ​ | Shares Included Based on (a) | ​ ​ ​ | ​
​ | ​ | of Underlying | ​ | Return on | ​ | Stockholder | ​ | ​ | ​ | Shares
Date of Award | ​ ​ ​ | Shares | ​ ​ ​ | Capital Metric | ​ ​ ​ | Return Metric | ​ ​ ​ | Total | ​ ​ ​ | Excluded (b)
July 1, 2025 (c) | ​ | 91,075 | ​ | 45,537 | ​ | 2,165 | ​ | 47,702 | ​ | 43,373
July 16, 2024 (c) | ​ | 87,500 | ​ | 37,806 | ​ | 24,922 | ​ | 62,728 | ​ | 24,772
July 1, 2023 (d) |  | 84,500 | ​ | 33,180 | ​ | 42,250 | ​ | 75,430 | ​ | 9,070
Totals |  | 263,075 |  | 116,523 |  | 69,337 | ​ | 185,860 |  | 77,215
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30, 2025:
​ | ​ ​ ​ | Total Number | ​ ​ ​ | Shares Included Based on (a) | ​ ​ ​ | ​
​ | ​ | of Underlying | ​ | Return on | ​ | Stockholder | ​ | ​ | ​ | Shares
Date of Award | ​ ​ ​ | Shares | ​ ​ ​ | Capital Metric | ​ ​ ​ | Return Metric | ​ ​ ​ | Total | ​ ​ ​ | Excluded (b)
July 16, 2024 (c) |  | 87,500 | ​ | 23,709 | ​ | 43,750 | ​ | 67,459 | ​ | 20,041
July 1, 2023 (d) |  | 84,500 | ​ | 24,706 | ​ | 42,250 | ​ | 66,956 | ​ | 17,544
July 1, 2022 (e) | ​ | 83,240 | ​ | 32,030 | ​ | 4,674 | ​ | 36,704 | ​ | 46,536
Totals |  | 255,240 |  | 80,445 |  | 90,674 |  | 171,119 |  | 84,121
(a) | Reflects the number of shares underlying RSUs that would be issued assuming the measurement date used to determine whether the applicable conditions are satisfied is June 30 of the applicable period.
(b) | Excluded as the applicable conditions had not been met for these shares at the applicable measurement dates.
(c) | The RSUs awarded in 2025 and 2024 vest, subject to satisfaction of the applicable market and/or performance conditions, as of June 30, 2028 and 2027, respectively (see Note 8).
(d) | With respect to the RSUs awarded in 2023, 75,430 shares were deemed to have vested and the balance of 9,070 shares were forfeited as of June 30, 2026. The vested shares will be issued in August 2026.
(e) | With respect to the RSUs awarded in 2022, 36,704 shares were deemed to have vested and the balance of 46,536 shares were forfeited as of June 30, 2025. The vested shares were issued in August 2025.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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