XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.25.1

Earnings per Share | 3 Months Ended
--- | ---
Mar. 31, 2025
Earnings per Share [Abstract] |
Earnings per Share |
Note 4: | Earnings Per Share
Basic earnings per common share represents the amount of earnings for the period available to each share of common stock outstanding during the reporting period. Basic EPS is computed based upon net income divided by the weighted average number of common shares outstanding during the period. Diluted EPS represents the amount of earnings for the period available to each share of common stock outstanding including common stock that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during each reporting period. Diluted EPS is computed based upon net income divided by the weighted average number of common shares outstanding during each period, adjusted for the effect of dilutive potential common shares, such as restricted stock awards and nonqualified stock options, calculated using the treasury stock method. The following table shows the computation of basic and diluted earnings per share:
|  | As of and for the three months ended March 31, |
|  | 2025 |  |  | 2024 |
(Dollars in thousands, except per share amounts) |  |  |  |  |  |
Numerator |  |  |  |  |  |
Net income |  | $ | 10,336 |  |  | $ | 11,288 |
Denominator |  |  |  |  |  |  |  |
Weighted-average shares outstanding for basic earnings per share |  |  | 9,421,534 |  |  |  | 9,220,154 |
Dilutive effect of stock compensation(1) |  |  | 130,739 |  |  |  | 97,659 |
Denominator for diluted earnings per share |  |  | 9,552,273 |  |  |  | 9,317,813 |
Earnings per common share |  |  |  |  |  |  |  |
Basic |  | $ | 1.10 |  |  | $ | 1.22 |
Diluted |  | $ | 1.08 |  |  | $ | 1.21 |
(1) | The following have not been included in diluted earnings per share because to do so would have been antidilutive for the periods presented: Nonqualified stock options outstanding of 0 and 5,000 for the three month periods ended March 31, 2025 and 2024, respectively; Restricted stock units outstanding of 69,589 and 50,000 for the three month periods ended March 31, 2025 and 2024, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration