Earnings Per Share

The following table shows the calculation of basic and diluted earnings per share ("EPS"), the weighted average number of shares outstanding used in computing EPS, the effect on the weighted average number of shares outstanding

of dilutive potential common stock for the periods stated, and the weighted average number of securities excluded from the computation of diluted EPS because their effects would have been anti-dilutive.


	For the three months ended March 31,
(Dollars in thousands, except per share data)	2026		2025
Net income (loss)	$	836	$	(434	)

Weighted average common shares outstanding, basic		88,343,128		86,003,226
Potentially dilutive securities
PSAs		179,047		—
Warrants		11,235,761		—
Weighted average common shares outstanding, dilutive		99,757,936		86,003,226

Basic and diluted earnings (loss) per common share	$	0.01	$	(0.01	)

Weighted average anti-dilutive securities excluded from diluted EPS
PSAs		—		7,720
Stock options		19,079		63,828
Warrants		—		8,216,508
Total weighted average anti-dilutive securities		19,079		8,288,056