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Earnings Per Share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table provides detail for basic EPS and diluted EPS for the years ended December 31, 2024, 2023 and 2022:
| Income (Numerator) |  | Shares (Denominator) |  | Per-Share Amount
For the year ended December 31, 2024 |  |  |  |  |
Net income as reported | $ | 27,045,000 |  |  |  |  |
Basic EPS: Income available to common shareholders | 27,045,000 |  |  | 11,051,829 |  |  | $ | 2.45 |
Effect of dilutive securities: restricted stock |  |  | 87,006 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 27,045,000 |  |  | 11,138,835 |  |  | $ | 2.43 |
For the year ended December 31, 2023 |  |  |  |  |
Net income as reported | $ | 29,518,000 |  |  |  |  |
Basic EPS: Income available to common shareholders | 29,518,000 |  |  | 10,998,041 |  |  | $ | 2.68 |
Effect of dilutive securities: restricted stock |  |  | 83,847 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 29,518,000 |  |  | 11,081,888 |  |  | $ | 2.66 |
For the year ended December 31, 2022 |  |  |  |  |
Net income as reported | $ | 38,990,000 |  |  |  |  |
Basic EPS: Income available to common shareholders | 38,990,000 |  |  | 10,931,328 |  |  | $ | 3.56 |
Effect of dilutive securities: restricted stock |  |  | 99,330 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 38,990,000 |  |  | 11,030,658 |  |  | $ | 3.53 |
All EPS calculations have been made using the weighted average number of shares outstanding during the period. The dilutive securities are shares of restricted stock granted to certain key members of Management. The dilutive number of shares has been calculated using the treasury method, assuming that all granted stock was vested at the end of each period.

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