v3.26.1
Basic and Diluted Earnings Per Share
3 Months Ended
Mar. 31, 2026
Basic and Diluted Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share Text Block
NOTE 2: BASIC AND DILUTED NET EARNINGS PER SHARE
Basic net earnings per share is computed by dividing net earnings by the weighted
average common shares outstanding for
the quarters ended March 31, 2026 and 2025, respectively.
Diluted net earnings per share reflect the potential dilution that
could occur upon exercise of securities or other rights for,
or convertible into, shares of the Company’s
common stock.
During 2025, the Company granted restricted stock units (“RSUs”), which
vested during the first quarter of 2026.
These
RSUs are included in the computation of diluted net earnings per share using
the treasury stock method during the first
quarter of 2026.
No such securities were outstanding during the first quarter of 2025.
The basic and diluted net earnings per share computations for the respective
periods are presented below.
Quarter ended March 31,
(Dollars in thousands, except share and per share data)
2026
2025
Basic:
Net earnings
$
2,198
$
1,530
Weighted average
common shares outstanding
3,494,229
3,493,699
Net earnings per share
$
0.63
$
0.44
Diluted:
Net earnings
$
2,198
$
1,530
Weighted average
common shares outstanding, basic
3,494,229
3,493,699
Dilutive effect of restricted stock units
2,289
Weighted average
common shares outstanding, diluted
3,496,518
3,493,699
Net earnings per share
$
0.63
$
0.44