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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Common Share

Note 2 - Earnings Per Common Share

Basic earnings per share is calculated by dividing net income by the weighted-average shares of common stock outstanding during the period, excluding non-vested restricted shares. Dilutive earnings per share is calculated by dividing net income by the weighted-average shares of common stock outstanding during the period plus the maximum dilutive effect on common stock issuable upon exercise of stock options or vesting of restricted stock units. Stock options and unvested restricted stock units are considered common stock equivalents and are only included in the calculation of dilutive earnings per common share if the effect is dilutive.

The following reconciles the numerator and denominator of the basic and diluted earnings per common share computation:

 

   Six months   Three months 
   Ended June 30,   Ended June 30, 
(In thousands except average market price and per share data)  2025   2024   2025   2024 
Numerator (Net income available to common shareholders)  $9,183   $5,862   $5,186   $3,265 
Denominator                    
Weighted average common shares outstanding for:                    
Basic shares   7,656    7,608    7,664    7,617 
Dilutive securities:                    
Deferred compensation   119    77    123    78 
Diluted common shares outstanding   7,775    7,685    7,787    7,695 
Earnings per common share:                    
Basic   1.20    0.77    0.68    0.43 
Diluted   1.18    0.76    0.67    0.42 
The average market price used in calculating assumed number of shares  $23.68   $17.21   $23.02   $16.66