| Schedule of Factors Used in Computation of Earnings Per Share |
The factors used in the earnings per share computation follow: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | (Dollars in thousands) | 2025 | | 2024 | | 2023 | | Basic | | | | | | | Net income to common stockholders | $ | 22,153 | | | $ | 12,884 | | | $ | 37,875 | | | Weighted average common shares outstanding | 23,618,924 | | | 23,286,675 | | | 23,208,086 | | | Basic earnings per common share | $ | 0.94 | | | $ | 0.55 | | | $ | 1.63 | | | | | | | | | Diluted | | | | | | | Net income to common stockholders | $ | 22,153 | | | $ | 12,884 | | | $ | 37,875 | | | Weighted average common shares outstanding | 23,618,924 | | | 23,286,675 | | | 23,208,086 | | | Dilutive effects of: | | | | | | | Assumed exercises of stock options | 62,264 | | | 94,036 | | | 78,679 | | | Restricted stock awards | 15,266 | | | 62,074 | | | 98,408 | | | Restricted stock units | 111,736 | | | 135,982 | | | 91,454 | | | Performance stock units - market based | 35,535 | | | 198,617 | | | 84,869 | | | | | | | | | Employee stock purchase plan | 3,723 | | | 2,008 | | | 881 | | | Average shares and dilutive potential common shares | 23,847,448 | | | 23,779,392 | | | 23,562,377 | | | Diluted earnings per common share | $ | 0.93 | | | $ | 0.54 | | | $ | 1.61 | |
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| Schedule of Shares not Considered in Computing Diluted Earnings per Common Share |
Shares that were not considered in computing diluted earnings per common share because they were antidilutive or have not met the thresholds to be considered in the dilutive calculation are as follows: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | Stock options | 150,466 | | | 48,650 | | | 100,818 | | | Restricted stock awards | — | | | — | | | — | | | Restricted stock units | 3,750 | | | 7,500 | | | 7,500 | | | Performance stock units - market based | 48,587 | | | 15,715 | | | 12,020 | | | | | | | | | Employee stock purchase plan | — | | | — | | | — | |
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