XML 20 R9.htm IDEA: XBRL DOCUMENT v3.25.1
Earnings Per Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

Note 2: Earnings Per Share

Basic earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of common shares, adjusted for the dilutive effect of stock compensation. For the three months ended March 31, 2025, stock options and restricted stock units totaling 993,727 shares were excluded from the calculation because they were deemed to be anti-dilutive. For the three months ended March 31, 2024, stock options, restricted stock awards and restricted stock units totaling 1,158,046 shares were excluded from the calculation because they were deemed to be antidilutive.

The following table presents the numerators and denominators for basic and diluted earnings per share computations for the three months ended March 31, 2025 and 2024:

Three Months Ended

March 31, 

(dollars in thousands, except per share data)

    

2025

    

2024

Net Income Available to Common Shareholders

$

8,620

$

6,818

Weighted Average Common Stock Outstanding:

Weighted Average Common Stock Outstanding (Basic)

27,568,772

27,691,401

Dilutive Effect of Stock Compensation

467,734

398,404

Weighted Average Common Stock Outstanding (Dilutive)

28,036,506

28,089,805

Basic Earnings per Common Share

$

0.31

$

0.25

Diluted Earnings per Common Share

0.31

0.24