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Earnings Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Share

Note 10. Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:

 

 

 

Three Months Ended March 31,

 

Dollars in thousands, except per share amounts

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

Net income

 

$

11,401

 

 

$

7,007

 

Denominator:

 

 

 

 

 

 

Weighted-average shares outstanding for basic earnings per share

 

 

9,163

 

 

 

9,610

 

Effect of dilutive securities

 

 

499

 

 

 

415

 

Weighted-average shares adjusted for dilutive securities

 

 

9,662

 

 

 

10,025

 

Earnings per share:

 

 

 

 

 

 

Basic

 

$

1.24

 

 

$

0.73

 

Diluted

 

$

1.18

 

 

$

0.70

 

The Company excluded 9 thousand outstanding shares of common stock for the three months ended March 31, 2026 from the computation of diluted earnings per share because they were anti-dilutive. For the three months ended March 31, 2025, the Company did not exclude any outstanding shares.