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PER SHARE DATA
 6 Months Ended
Jun. 30, 2025
PER SHARE DATA  
PER SHARE DATA

2. PER SHARE DATA

Earnings per common share are calculated using the two-class method to determine income attributable to common shareholders. Unvested restricted stock awards that contain nonforfeitable rights to dividends are considered participating securities under the two-class method. Distributed dividends and an allocation of undistributed net income to participating securities reduce the amount of income attributable to common shareholders. Income attributable to common shareholders is then divided by weighted-average common shares outstanding for the period to determine basic earnings per common share. The Corporation’s basic and diluted earnings per share are the same because there are no potential dilutive shares of common stock outstanding.

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(In Thousands, Except Share and Per Share Data)

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Three Months Ended

    

Six Months Ended

    

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June 30, 

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June 30, 

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June 30, 

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June 30, 

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2025

    

2024

    

2025

    

2024

    

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Net income

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$

6,117

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$

6,113

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$

12,410

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$

11,419

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Less: Dividends and undistributed earnings allocated to participating securities

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(49)

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(47)

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(100)

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(86)

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Net income attributable to common shares

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$

6,068

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$

6,066

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$

12,310

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$

11,333

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Weighted-average common shares outstanding

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15,359,004

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15,264,533

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15,348,824

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15,247,557

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Earnings per common share - Basic and Diluted

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$

0.40

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$

0.40

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$

0.80

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$

0.74

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Weighted-average nonvested restricted shares outstanding

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123,844

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118,605

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124,570

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115,844

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