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Earnings per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings per Share
Note 10 – Earnings per Share

We determine basic earnings per share (“EPS”) by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted EPS is determined by dividing net income available to common shareholders by the weighted-average number of shares outstanding, increased by the number of shares that would be issued assuming the exercise of instruments under our incentive stock plan.

The following table presents our calculation of EPS for the periods shown:
 Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in thousands except shares and per share data)2025202420252024
Numerator for earnings per share:
Net income, before noncontrolling interest$17,136 $2,156 $22,697 $10,807 
Net (income) loss attributable to noncontrolling interest— (76)18 (156)
Net income available to common shareholders$17,136 $2,080 $22,715 $10,651 
Denominator:
Weighted-average shares outstanding - basic 12,615,475 12,927,962 12,824,037 12,874,311 
Effect of dilutive instruments395,052 241,049 275,159 246,934 
Weighted-average shares outstanding - diluted13,010,527 13,169,011 13,099,196 13,121,245 
Earnings per common share - basic$1.36 $0.16 $1.77 $0.83 
Earnings per share common share - diluted$1.32 $0.16 $1.73 $0.81 
Instruments not included in the computation of diluted EPS because the effect would be antidilutive54,191 125,826 159,679 136,838