v3.26.1
Earnings per share
3 Months Ended
Mar. 31, 2026
Earnings per share  
Earnings per share

3. Earnings per share:

Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance.

The following table presents the calculation of both basic and diluted earnings per share of common stock for the three months ended March 31, 2026 and 2025:

For the Three Months Ended March 31,

2026

2025

(Dollars in thousands, except per share data)

  ​ ​ ​

Basic  

  ​ ​ ​

Diluted  

  ​ ​ ​

Basic  

  ​ ​ ​

Diluted  

Net income

  ​ ​ ​

$

14,747

  ​ ​ ​

$

14,747

  ​ ​ ​

$

15,009

  ​ ​ ​

$

15,009

Average common shares outstanding

 

10,002,903

 

10,029,213

 

9,992,922

 

10,043,186

Earnings (loss) per share

$

1.47

$

1.47

$

1.50

$

1.49