2. EARNINGS (LOSS) PER SHARE Earnings (loss) per share are calculated as follows (in thousands, except earnings per share): | | Three Months Ended June 30, | | | Six Months Ended June 30, | | | | 2025 | | | 2024 | | | 2025 | | | 2024 | | Basic earnings (loss) per common share | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) | | $ | 4,171 | | | $ | 1,981 | | | $ | 7,498 | | | $ | 3,129 | | | | | | | | | | | | | | | | | | | Weighted average shares outstanding | | | 5,305 | | | | 5,322 | | | | 5,305 | | | | 5,315 | | | | | | | | | | | | | | | | | | | Basic earnings (loss) per common share | | $ | 0.79 | | | $ | 0.37 | | | $ | 1.41 | | | $ | 0.59 | | | | | | | | | | | | | | | | | | | Diluted earnings (loss) per common share | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) | | $ | 4,171 | | | $ | 1,981 | | | $ | 7,498 | | | $ | 3,129 | | | | | | | | | | | | | | | | | | | Weighted average shares outstanding | | | 5,305 | | | | 5,322 | | | | 5,305 | | | | 5,315 | | Dilutive effect of restricted stock | | | 0 | | | | 1 | | | | 0 | | | | 1 | | | | | | | | | | | | | | | | | | | Total weighted average shares outstanding | | | 5,305 | | | | 5,323 | | | | 5,305 | | | | 5,316 | | | | | | | | | | | | | | | | | | | Diluted earnings (loss) per common share | | $ | 0.79 | | | $ | 0.37 | | | $ | 1.41 | | | $ | 0.59 | |
There was no restricted stock excluded from the diluted earnings per share calculation for the three and six month periods ended June 30, 2025 and June 30, 2024.
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