v3.25.2
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2025
EARNINGS PER SHARE  
Schedule of reconciliation of weighted average shares outstanding

Three months ended

Six months ended

June 30, 

June 30, 

(in thousands)

    

2025

    

2024

    

2025

    

2024

Net income available for stockholders:

$

4,162

$

5,585

$

6,368

$

10,182

Less: Adjustments for earnings attributable to participating securities

 

(129)

 

(719)

 

(258)

 

(839)

Net income used in calculating earnings per share

$

4,033

$

4,866

$

6,110

$

9,343

Weighted average shares outstanding (including participating securities)

 

34,985

 

34,708

 

34,931

 

34,670

Adjustment for participating securities

 

(917)

 

(886)

 

(904)

 

(883)

Shares used in calculating basic and diluted earnings per share

 

34,068

 

33,822

 

34,027

 

33,787