XML 40 R32.htm IDEA: XBRL DOCUMENT v3.25.3
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share attributable to class A common shares, class A common shares designated as class A-2 common shares, and class B common shares:

 

 

 

Quarters Ended
September 30,

 

 

Nine Months Ended
September 30,

 

(Dollars in thousands, except share and per share data)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

12,523

 

 

$

12,760

 

 

$

18,878

 

 

$

34,219

 

Less: preferred stock distributions

 

 

110

 

 

 

110

 

 

 

330

 

 

 

330

 

Net income available to common shareholders

 

$

12,413

 

 

$

12,650

 

 

$

18,548

 

 

$

33,889

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares for basic earnings per share

 

 

14,296,628

 

 

 

13,664,542

 

 

 

14,147,848

 

 

 

13,617,960

 

Options

 

 

61,281

 

 

 

136,335

 

 

 

74,997

 

 

 

66,058

 

Weighted average shares for diluted earnings per share

 

 

14,357,909

 

 

 

13,800,877

 

 

 

14,222,845

 

 

 

13,684,018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share available to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.87

 

 

$

0.93

 

 

$

1.31

 

 

$

2.49

 

Diluted

 

$

0.86

 

 

$

0.92

 

 

$

1.30

 

 

$

2.48