| Computation of Earnings per Share |
The following table sets forth the computation of earnings per share.
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Three months ended
June 30,
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Six months ended
June 30,
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2025
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2024
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2025
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2024
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Net income applicable to common stock
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$
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8,463,000
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$
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5,275,000
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$
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16,084,000
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$
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12,299,000
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Basic earnings per share computation
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Weighted average common shares outstanding
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4,797,716
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4,796,000
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4,797,642
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4,795,596
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Earnings per share - basic
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$
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1.76
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$
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1.10
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$
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3.35
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$
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2.56
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Diluted earnings per share computation
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Weighted average common shares outstanding for basic earnings per share
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4,797,716
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4,796,000
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4,797,642
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4,795,596
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Add: Dilutive effects of restricted stock
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2,668
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4,770
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3,220
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5,395
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Weighted average common shares outstanding for dilutive earnings per share
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4,800,384
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4,800,770
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4,800,862
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4,800,991
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Earnings per share - diluted
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$
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1.76
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$
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1.10
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$
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3.35
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$
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2.56
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