XML 30 R18.htm IDEA: XBRL DOCUMENT v3.25.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2025
EARNINGS PER SHARE [Abstract]  
Computation of Basic and Diluted EPS
The following table sets forth the computation of basic and diluted EPS for the three months ended March 31, 2025 and 2024:


 
Three Months Ended March 31,
 
(in thousands, except share data)
 
2025
   
2024
 
             
Numerator:            
Net income
 
$
12,676
 
$
525
 
                 
Denominator:
               
                 
Basic weighted-average common shares outstanding
   
8,501,204
     
8,400,354
 
Dilutive effect of service-based restricted stock awards granted to Board of Directors under the Plan
    9,460       5,108  
Dilutive effect of service-based restricted stock awards granted to employees under the Plan
    84,656       94,892  
Diluted weighted-average common shares outstanding
   
8,595,320
     
8,500,354
 
                 
Basic earnings per share
 
1.49  
0.06  
Diluted earnings per share
 
1.47  
0.06