| Schedule of earnings per share |
The factors used in the earnings per share calculation are as follows (in thousands, except per share data). | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | Basic | | | | | | | | | | | | | | Net income available to common stockholders | | $ | 19,223 | | $ | 18,767 | | $ | 50,648 | | $ | 35,121 | | | | | | | | | | | | | | | | Weighted average common shares outstanding | | | 12,381,794 | | | 10,564,275 | | | 11,413,075 | | | 10,886,120 | | | | | | | | | | | | | | | | Basic earnings per common share | | $ | 1.55 | | $ | 1.78 | | $ | 4.44 | | $ | 3.23 | | | | | | | | | | | | | | | | Diluted | | | | | | | | | | | | | | Net income allocated to common stockholders | | $ | 19,223 | | $ | 18,767 | | $ | 50,648 | | $ | 35,121 | | | | | | | | | | | | | | | | Weighted average common shares outstanding for basic earnings per common share | | | 12,381,794 | | | 10,564,275 | | | 11,413,075 | | | 10,886,120 | | Add: Dilutive effects of assumed vesting of performance based restricted stock units | | | 38,654 | | | 29,906 | | | 33,478 | | | 24,776 | | Add: Dilutive effects of assumed vesting of restricted stock units | | | 95,491 | | | 82,697 | | | 74,854 | | | 64,535 | | Average shares and diluted potential common shares | | | 12,515,939 | | | 10,676,878 | | | 11,521,407 | | | 10,975,431 | | | | | | | | | | | | | | | | Diluted earnings per common share | | $ | 1.54 | | $ | 1.76 | | $ | 4.40 | | $ | 3.20 | |
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