| Schedule of basic and diluted earnings per share |
The following table reconciles the number of shares of common stock used to compute basic and diluted earnings per share of common stock: | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30 | | June 30 | (in thousands, except share and per share amounts) | | 2025 | | 2024 | | 2025 | | 2024 | BASIC EARNINGS PER SHARE OF COMMON STOCK: | | | | | | | | | | | | | Net income - basic | | $ | 8,458 | | $ | 20,514 | | $ | 16,523 | | $ | 37,537 | Weighted shares outstanding | | | 11,458,754 | | | 11,461,141 | | | 11,454,348 | | | 11,456,597 | Basic earnings per share of common stock | | $ | 0.74 | | $ | 1.79 | | $ | 1.44 | | $ | 3.28 | | | | | | | | | | | | | | DILUTED EARNINGS PER SHARE OF COMMON STOCK: | | | | | | | | | | | | | Net income - basic | | $ | 8,458 | | $ | 20,514 | | $ | 16,523 | | $ | 37,537 | Weighted shares outstanding - basic | | | 11,458,754 | | | 11,461,141 | | | 11,454,348 | | | 11,456,597 | Effect of dilutive securities | | | 141,210 | | | 88,744 | | | 157,092 | | | 74,494 | Weighted shares outstanding - diluted | | | 11,599,964 | | | 11,549,885 | | | 11,611,440 | | | 11,531,091 | Diluted earnings per share of common stock | | $ | 0.73 | | $ | 1.78 | | $ | 1.42 | | $ | 3.26 |
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