Schedule of Earnings per Common Share Reconciliation |
The following table illustrates the calculation of weighted average shares used for earnings per common share computations for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (Dollars in thousands, except shares) | Net income allocated to common shareholders | $ | 12,215 | | | $ | 14,159 | | | $ | 26,126 | | | $ | 19,907 | | Basic: | | | | | | | | Weighted average common shares outstanding | 34,028,592 | | | 34,609,900 | | | 34,037,067 | | | 34,717,685 | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (Dollars in thousands, except shares) | Diluted: | | | | | | | | Basic weighted average common shares outstanding | 34,028,592 | | | 34,609,900 | | | 34,037,067 | | | 34,717,685 | | Effect of potentially dilutive common shares (1) | 418,118 | | | 309,495 | | | 475,193 | | | 409,722 | | Total diluted weighted average common shares outstanding | 34,446,710 | | | 34,919,395 | | | 34,512,260 | | | 35,127,407 | | Potentially dilutive shares that were excluded from the computation of diluted earnings per share because to do so would be anti-dilutive (2) | 71,614 | | | 159,996 | | | 27,280 | | | 50,671 | |
(1) Represents the effect of the vesting of restricted stock units. (2) Anti-dilution occurs when the unrecognized compensation cost per share of a restricted stock unit exceeds the market price of the Company’s stock.
|
Schedule of Dividends Activity |
The following table summarizes the dividend activity during the six months ended June 30, 2025 and the calendar year 2024: | | | | | | | | | | | | | | | | | | | | | | | Declared | | Cash Dividend per Share | | Record Date | | Paid Date | | | January 24, 2024 | | $0.23 | | February 8, 2024 | | February 22, 2024 | | | April 24, 2024 | | $0.23 | | May 8, 2024 | | May 22, 2024 | | | July 24, 2024 | | $0.23 | | August 7, 2024 | | August 21, 2024 | | | October 23, 2024 | | $0.23 | | November 6, 2024 | | November 20, 2024 | | | January 22, 2025 | | $0.24 | | February 6, 2025 | | February 20, 2025 | | | April 23, 2025 | | $0.24 | | May 7, 2025 | | May 21, 2025 | | |
|