Basic earnings per common share is computed by dividing net income, less preferred stock dividends and accretion of preferred stock issuance costs, by the weighted average number of common shares outstanding for the period. Treasury stock is excluded from the weighted average number of shares of common stock outstanding. Diluted earnings per share attributable to common stockholders is computed based on the weighted average number of shares of common stock and dilutive securities outstanding during the period. Dilutive securities are common stock equivalents that are freely exercisable into common stock at less than market prices or otherwise dilute earnings if converted. The net effect of common stock equivalents is based on the incremental common stock that would be issued upon the vesting of restricted stock awards and non-qualified stock options using the treasury stock method. Common stock equivalents are not included in diluted earnings per share when their inclusion is anti-dilutive. Additionally, redeemable preferred stock is not convertible and does not affect dilutive shares.

There were no anti-dilutive shares for the three months ended March 31, 2026. There were approximately 126,500 anti-dilutive weighted shares excluded in the computations of diluted weighted average earnings per common share for the three months ended March 31, 2025.



	Three months ended March 31,
	2026		2025
Net income attributable to common shareholders	$	23,661	$	15,476

Basic weighted average common shares outstanding	6,778		6,606
Potentially dilutive common shares	474		394
Diluted weighted average common shares outstanding	7,252		7,000

Basic weighted average earnings per common share	$	3.49	$	2.34
Diluted weighted average earnings per common share	$	3.26	$	2.21