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Earnings Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table sets forth the computation of basic and diluted EPS for the nine months ended September 30, 2025 and 2024:
Income (Numerator)Shares (Denominator)Per-Share Amount
For the nine months ended September 30, 2025
Net income as reported$24,222,000 
Basic EPS: Income available to common shareholders24,222,000 11,084,737 $2.19 
Effect of dilutive securities: restricted stock115,088 
Diluted EPS: Income available to common shareholders plus assumed conversions$24,222,000 11,199,825 $2.16 
For the nine months ended September 30, 2024
Net income as reported$19,763,000 
Basic EPS: Income available to common shareholders19,763,000 11,046,986 $1.79 
Effect of dilutive securities: restricted stock87,102 
Diluted EPS: Income available to common shareholders plus assumed conversions$19,763,000 11,134,088 $1.78 
The following table sets forth the computation of basic and diluted EPS for the quarters ended September 30, 2025 and 2024:
Income (Numerator)Shares (Denominator)Per-Share Amount
For the quarter ended September 30, 2025
Net income as reported$9,082,000 
Basic EPS: Income available to common shareholders9,082,000 11,093,631 $0.82 
Effect of dilutive securities: restricted stock118,304 
Diluted EPS: Income available to common shareholders plus assumed conversions$9,082,000 11,211,935 $0.81 
For the quarter ended September 30, 2024
Net income as reported$7,571,000 
Basic EPS: Income available to common shareholders7,571,000 11,057,872 $0.69 
Effect of dilutive securities: restricted stock87,259 
Diluted EPS: Income available to common shareholders plus assumed conversions$7,571,000 11,145,131 $0.68