| EARNINGS PER SHARE |
NOTE 7. EARNINGS PER SHARE The following table presents the calculation of earnings per share: | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | (in thousands, except per share and share data) | | 2025 | | 2024 | | 2025 | | 2024 | Net income | | $ | 6,092 | | $ | 10,257 | | $ | 16,303 | | $ | 20,352 | | | | | | | | | | | | | | Average number of basic common shares outstanding | | | 15,320,665 | | | 15,227,457 | | | 15,312,202 | | | 15,212,897 | Plus: dilutive effect of stock options and awards outstanding | | | 51,536 | | | 47,964 | | | 69,864 | | | 59,782 | Average number of diluted common shares outstanding(1) | | | 15,372,201 | | | 15,275,421 | | | 15,382,066 | | | 15,272,679 | | | | | | | | | | | | | | Earnings per share: | | | | | | | | | | | | | Basic | | $ | 0.40 | | $ | 0.67 | | $ | 1.06 | | $ | 1.34 | Diluted | | | 0.40 | | | 0.67 | | | 1.06 | | | 1.33 |
| (1) | Average diluted shares outstanding are computed using the treasury stock method. |
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