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Net Income Per Common Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Income Per Common Share NET INCOME PER SHARE OF COMMON STOCK
Net income per common share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net income per share of common stock is computed similarly but includes the effect of the assumed exercise of dilutive restricted stock under the treasury stock method.
The computation of basic and diluted net income per share of common stock (in thousands, except for per share data) is as follows:
Three months ended
March 31,
20252024
Net income$2,183 $3,759 
Weighted average common shares outstanding — basic8,621,000 8,666,000 
Effect of weighted average dilutive securities195,000 166,000 
Weighted average common and potentially issuable shares of common stock outstanding — diluted8,816,000 8,832,000 
Basic net income per share of common stock$0.25 $0.43 
Diluted net income per share of common stock$0.25 $0.43