v3.25.2
Earnings per share ("EPS") (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Earnings Available to Common Stockholders and Basic Weighted Average Common Shares Outstanding to Diluted Weighted Average Common Shares Outstanding
The following table is a reconciliation of earnings available to common shareholders and basic weighted average common shares outstanding to diluted weighted average common shares outstanding, reflecting the application of the two-class method:
Three Months Ended
 June 30,		Six Months Ended
 June 30,
2025202420252024
(In thousands, except per share data)
Net income$9,088 $1,118 $15,976 $4,881 
Dividends to participating securities(1)
26 (40)53 (79)
Undistributed earnings allocated to participating securities(1)
(125)14 (241)(52)
Net income for earnings per share calculation$8,989 $1,092 $15,788 $4,750 
Weighted average shares outstanding, basic7,777,469 7,747,675 7,724,143 7,705,598 
Effect of dilutive equity-based awards(2)
42,359 (23,787)71,677 16,282 
Weighted average shares outstanding, diluted7,819,828 7,723,888 7,795,820 7,721,880 
Net earnings per common share:
Basic earnings per common share$1.16 $0.14 $2.04 $0.62 
Diluted earnings per common share$1.15 $0.14 $2.03 $0.62 
(1)    Represents dividends paid and undistributed earnings allocated to unvested stock-based awards that contain non-forfeitable rights to dividends.
(2)    Represents the effect of the assumed exercise of stock options and the vesting of restricted shares, as applicable, utilizing the treasury stock method.