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Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings per Share [Abstract]

Basic and Diluted Earnings Per Share

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.

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- References

No definition available.

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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

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