| Schedule of Earnings Per Share, Basic and Diluted |
The following table presents the computations of basic and diluted earnings per share (“EPS”) for the periods indicated: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | ($ in thousands, except per share) | | 2026 | | 2025 | | | | | Basic earnings per share: | | | | | | | | | | Net income available to common shareholders | | $ | 10,567 | | | $ | 7,695 | | | | | | Less: income allocated to unvested restricted stock | | (64) | | | (61) | | | | | | Net income allocated to common stock | | $ | 10,503 | | | $ | 7,634 | | | | | | Weighted-average total common shares outstanding | | 14,227,997 | | | 14,386,422 | | | | | | Less: weighted-average unvested restricted stock | | (85,905) | | | (114,155) | | | | | | Weighted-average common shares outstanding, basic | | 14,142,092 | | | 14,272,267 | | | | | | Basic earnings per share | | $ | 0.74 | | | $ | 0.53 | | | | | | Diluted earnings per share: | | | | | | | | | Net income allocated to common stock | | $ | 10,503 | | | $ | 7,634 | | | | | | Weighted-average common shares outstanding, basic | | 14,142,092 | | | 14,272,267 | | | | | | Diluted effect of stock options | | 96,134 | | | 131,502 | | | | | | Weighted-average common shares outstanding, diluted | | 14,238,226 | | | 14,403,769 | | | | | | Diluted earnings per share | | $ | 0.74 | | | $ | 0.53 | | | | | | | | | | | | | | |
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