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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2024
EARNINGS PER SHARE |
EARNINGS PER SHARE | 13. EARNINGS PER SHARE The following table reconciles the number of shares of common stock used to calculate basic and diluted earnings per share: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
(in thousands, except per share amounts) |  | 2024 |  | 2023 |  | 2022
BASIC EARNINGS PER SHARE OF COMMON STOCK: |  | ​ |  |  | ​ |  |  | ​ |
Net income - basic | ​ | $ | 63,494 |  | $ | 58,291 |  | $ | 20,346
Weighted shares outstanding | ​ |  | 11,449,864 |  |  | 11,438,965 |  |  | 11,416,667
Basic earnings per share of common stock | ​ | $ | 5.55 |  | $ | 5.10 |  | $ | 1.78
​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
DILUTED EARNINGS PER SHARE OF COMMON STOCK: | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
Net income - basic | ​ | $ | 63,494 |  | $ | 58,291 |  | $ | 20,346
Weighted shares outstanding - basic | ​ | ​ | 11,449,864 |  | ​ | 11,438,965 |  | ​ | 11,416,667
Effect of dilutive securities | ​ | ​ | 151,740 |  | ​ | 67,995 |  | ​ | —
Weighted shares outstanding - diluted | ​ | ​ | 11,601,603 |  | ​ | 11,506,960 |  | ​ | 11,416,667
Diluted earnings per share of common stock | ​ | $ | 5.47 |  | $ | 5.07 |  | $ | 1.78
​

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