Earnings per share in the table below, for the three and six month periods ended June 30, 2026 and 2025 are calculated under the two-class method as required by ASC Topic 260, Earnings Per Share (ASC 260). ASC 260 provides that unvested share-based payment awards that contain nonforfeitable rights to dividends are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. Prior to 2019, the Company issued restricted stock awards that contained such rights and are therefore considered participating securities. Since 2019, the Company has issued restricted stock awards that do not have nonforfeitable rights to dividends and are therefore not considered participating securities. Basic earnings per common share are calculated by dividing net income allocable to common stock by the weighted average number of common shares, excluding participating securities, during the period. Diluted earnings per common share include the dilutive effect of participating securities.


	Three Months Ended				Six Months Ended
(In thousands, except share and per share data)	6/30/2026		6/30/2025		6/30/2026		6/30/2025
Basic
Net income available to common shareholders	$	29,304	$	21,471	$	55,378	$	41,150
Less: income attributable to unvested stock-based compensation awards	0		0		0		0
Net earnings allocated to common shareholders	29,304		21,471		55,378		41,150
Weighted average shares outstanding, including unvested stock-based compensation awards	14,383,667		14,433,857		14,399,857		14,434,245
Less: average unvested stock-based compensation awards	(158,695)		(187,462)		(161,977)		(187,979)
Weighted average shares outstanding - Basic	14,224,972		14,246,395		14,237,880		14,246,266
Diluted
Net earnings allocated to common shareholders	29,304		21,471		55,378		41,150
Weighted average shares outstanding - Basic	14,224,972		14,246,395		14,237,880		14,246,266
Plus: incremental shares from assumed conversion of stock-based compensation awards	108,418		73,730		102,481		73,515
Weighted average shares outstanding - Diluted	14,333,390		14,320,125		14,340,361		14,319,781
Basic EPS	$	2.06	$	1.51	$	3.89	$	2.89
Diluted EPS	$	2.04	$	1.50	$	3.86	$	2.87

Stock-based compensation awards representing 914 and 12,817 common shares during the three months ended June 30, 2026 and 2025, respectively, were not included in the computations of diluted earnings per common share because the effect on those periods would have been anti-dilutive.

Stock-based compensation awards representing approximately 4,541 and 13,151 common shares during the six months ended June 30, 2026 and 2025, respectively were not included in the computations of diluted earnings per common share because the effect on those periods would have been anti-dilutive.