| Summary of the Components Comprising Basic and Diluted Earnings Per Share |
The following is a summary of components comprising basic and diluted earnings per share (“EPS”) for the three and six months ended June 30, 2025 and 2024:
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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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(Dollars in Thousands Except
Share and Per Share Amounts) |
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(Dollars in Thousands Except
Share and Per Share Amounts) |
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Basic EPS Computation: |
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Numerator – Earnings available to common shareholders |
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$ |
19,115 |
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$ |
16,137 |
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$ |
35,507 |
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$ |
28,905 |
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Denominator – Weighted average number of common
shares outstanding |
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11,996,239 |
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11,769,300 |
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11,979,603 |
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11,760,683 |
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Basic earnings per common share |
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$ |
1.59 |
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$ |
1.37 |
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$ |
2.96 |
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$ |
2.46 |
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Diluted EPS Computation: |
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Numerator – Earnings available to common shareholders |
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$ |
19,115 |
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$ |
16,137 |
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$ |
35,507 |
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$ |
28,905 |
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Denominator – Weighted average number of common
shares outstanding |
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11,996,239 |
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11,769,300 |
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11,979,603 |
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11,760,683 |
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Dilutive effect of stock options, RSUs and PSUs |
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38,715 |
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30,936 |
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38,038 |
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30,338 |
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Weighted average diluted common shares outstanding |
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12,034,954 |
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11,800,236 |
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12,017,641 |
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11,791,021 |
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Diluted earnings per common share |
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$ |
1.59 |
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$ |
1.37 |
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$ |
2.95 |
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$ |
2.45 |
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