| Schedule of Basic and Diluted Earnings per Share (EPS) |
The following table provides detail for basic EPS and diluted EPS for the years ended December 31, 2025, 2024 and 2023: | | | | | | | | | | | | | Income
(Numerator) | Shares
(Denominator) | Per-Share
Amount | For the year ended December 31, 2025 | | | | | Net income as reported | $ | 34,394,000 | | | | | | | | | Basic EPS: Income available to common shareholders | 34,394,000 | | 11,088,831 | | $ | 3.10 | | | Effect of dilutive securities: restricted stock | | 115,736 | | | | Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 34,394,000 | | 11,204,567 | | $ | 3.07 | | For the year ended December 31, 2024 | | | | | Net income as reported | $ | 27,045,000 | | | | | | | | | Basic EPS: Income available to common shareholders | 27,045,000 | | 11,051,829 | | $ | 2.45 | | | Effect of dilutive securities: restricted stock | | 87,006 | | | | Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 27,045,000 | | 11,138,835 | | $ | 2.43 | | For the year ended December 31, 2023 | | | | | Net income as reported | $ | 29,518,000 | | | | | | | | | Basic EPS: Income available to common shareholders | 29,518,000 | | 10,998,041 | | $ | 2.68 | | | Effect of dilutive securities: restricted stock | | 83,847 | | | | Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 29,518,000 | | 11,081,888 | | $ | 2.66 | |
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