v3.25.4
Earnings Per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Earnings per common share was computed based on the following:
 
Years Ended December 31,
(dollars in thousands, except per share  data)202520242023
Numerator:
Income applicable to common shares$46,062 $36,427 $40,240 
Denominator:
Weighted average common shares outstanding7,773 7,956 8,028 
Effect of dilutive securities:
Restricted stock43 26 15 
Stock options30 23 22 
Weighted average common shares outstanding - assuming dilution7,846 8,005 8,065 
Earnings per common share$5.93 $4.58 $5.02 
Earnings per common share - assuming dilution$5.87 $4.55 $4.99 
Options on 11,700, 69,337 and 111,234 shares of common stock were not included in computing diluted earnings per share for the years ended December 31, 2025, 2024 and 2023, respectively, because the effect of these shares was anti-dilutive.