Note 20—EARNINGS
PER COMMON SHARE
Diluted
earnings per share reflects the dilutive effect of restricted stock awards and restricted stock units using the treasury stock method.
Anti-dilutive awards, if any, are excluded from the calculation of diluted earnings per share.
The following reconciles the numerator and denominator of the basic and diluted earnings per common share computation:
Schedule
of Earning Per Common Share
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Year ended December 31, | |
| (Amounts in thousands) | |
2025 | | |
2024 | | |
2023 | |
| Numerator (Included in basic and diluted earnings per share) | |
$ | 19,205 | | |
$ | 13,955 | | |
$ | 11,843 | |
| Denominator | |
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| Weighted average common shares outstanding for: | |
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| Basic earnings per common share | |
| 7,663 | | |
| 7,617 | | |
| 7,568 | |
| Dilutive securities: | |
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| Deferred compensation | |
| 98 | | |
| 85 | | |
| 79 | |
| Diluted common shares outstanding | |
| 7,761 | | |
| 7,702 | | |
| 7,647 | |
| Basic earnings per common share | |
$ | 2.51 | | |
$ | 1.83 | | |
$ | 1.56 | |
| Diluted earnings per common share | |
$ | 2.47 | | |
$ | 1.81 | | |
$ | 1.55 | |
| The average market price used in calculating assumed number of shares | |
$ | 25.56 | | |
$ | 19.79 | | |
$ | 18.70 | |
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