Note 4 — Earnings per Common Share:

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Basic earnings per common share is computed by dividing earnings, after the deduction of dividends and undistributed earnings allocated to participating securities, by the weighted average number of common shares outstanding during the period.

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The computation of diluted earnings per share assumes the issuance of common stock for all potentially dilutive stock options and restricted stock units not classified as participating securities. Participating securities are included in the computation of earnings per share pursuant to the two-class method.

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Weighted average shares of unvested restricted common stock considered to be participating securities totaled 28,072 and 17,708 for the three months ended March 31, 2026 and 2025, respectively. Such participating securities are allocated a portion of income, but not losses under the two-class method. As of March 31, 2026, there were 294,547 shares of restricted stock units and 26,713 stock options outstanding and considered to be potentially dilutive securities.

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Reconciliations of the numerator and denominator of the basic and diluted earnings per share computations are as follows:

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There were no antidilutive equity awards outstanding during the three months ended March 31, 2026 and 2025, respectively.