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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Summary of earnings per share

The following schedule presents earnings per share data for the three and nine months ended September 30, 2025 and 2024 (in thousands, except per share data):

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net income (loss) applicable to common stock

 

$

6,466

 

 

$

(4,456

)

 

$

12,532

 

 

$

5,015

 

Weighted average number of common shares outstanding

 

 

6,776

 

 

 

6,573

 

 

 

6,849

 

 

 

6,412

 

Basic earnings (loss) per share

 

$

0.95

 

 

$

(0.68

)

 

$

1.83

 

 

$

0.78

 

Net income (loss) applicable to common stock

 

$

6,466

 

 

$

(4,456

)

 

$

12,532

 

 

$

5,015

 

Weighted average number of common shares outstanding

 

 

6,776

 

 

 

6,573

 

 

 

6,849

 

 

 

6,412

 

Dilutive effect on common shares outstanding

 

 

19

 

 

 

 

 

 

35

 

 

 

84

 

Weighted average number of diluted common shares
   outstanding

 

 

6,795

 

 

 

6,573

 

 

 

6,884

 

 

 

6,496

 

Diluted earnings (loss) per share

 

$

0.95

 

 

$

(0.68

)

 

$

1.82

 

 

$

0.77

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following schedule presents stock options granted but not exercised and the amount of shares that were anti-dilutive because the weighted average exercise price equaled or exceeded the estimated fair value of our common stock for the three- and six-months period ended September 30, 2025, and 2024:

 

 

Three months ended September 30,

 

 

2025

 

 

2024

 

 

 

 

 

Weighted Ave

 

 

 

 

 

Weighted Ave

 

 

Options

 

 

Exercise Price

 

 

Options

 

 

Exercise Price

 

Options to purchase

 

 

186,603

 

 

$

26.95

 

 

 

 

 

$

 

Anti-dilutive

 

 

 

 

$

 

 

 

287,659

 

 

$

26.04

 

 

 

Nine months ended September 30,

 

 

2025

 

 

2024

 

 

 

 

 

Weighted Ave

 

 

 

 

 

Weighted Ave

 

 

Options

 

 

Exercise Price

 

 

Options

 

 

Exercise Price

 

Options to purchase

 

 

186,603

 

 

$

26.95

 

 

 

309,984

 

 

$

25.21

 

Anti-dilutive

 

 

 

 

 

 

 

 

 

 

$