v3.26.1
Earnings Per Common Share
 6 Months Ended
Jun. 30, 2026
Earnings per common share  
Earnings Per Common Share

NOTE 8 – Earnings Per Common Share

 

The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the three and six month periods ended June 30, 2026 and 2025. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options and unvested restricted stock that were outstanding at June 30, 2026. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. For the three and six month periods ended June 30, 2026, there were no anti-dilutive shares. For the three and six month periods ended June 30, 2025, 210,017 options were excluded from diluted EPS because they were anti-dilutive.

 

                
         
   Three months ended
June 30,		   Six months ended
June 30,		 
(dollars in thousands, except share data)  2026   2025   2026   2025 
Numerator:                    
Net income available to common shareholders  $11,195    6,581    21,082    11,847 
Denominator:                    
Weighted-average common shares outstanding – basic   9,184,699    8,118,895    8,676,877    8,098,737 
Common stock equivalents   133,816    14,894    131,640    23,478 
Weighted-average common shares outstanding – diluted   9,318,515    8,133,789    8,808,517    8,122,215 
Earnings per common share:                    
Basic  $1.22    0.81    2.43    1.46 
Diluted   1.20    0.81    2.39    1.46