| Schedule of Earnings Per Share Basic and Diluted |
The following table presents a reconciliation of net income available to common shareholders and the number of shares used in the calculation of basic and diluted earnings per common share shown on the consolidated statements of income:
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For the Three Months
Ended June 30, |
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For the Six Months
Ended June 30, |
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(Dollars in thousands, except share and per share data) |
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2026 |
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2025 |
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2026 |
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2025 |
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Net income |
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$ |
21,987 |
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$ |
16,747 |
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$ |
38,355 |
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$ |
30,336 |
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Less: dividends declared, Series A Preferred Stock |
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1,184 |
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1,185 |
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2,355 |
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2,356 |
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Net income available to common shareholders |
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$ |
20,803 |
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$ |
15,562 |
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$ |
36,000 |
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$ |
27,980 |
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Weighted-average shares outstanding for basic earnings per common share |
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16,591,144 |
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13,836,830 |
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15,707,810 |
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13,807,079 |
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Dilutive effect of stock compensation and other dilutive securities |
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3,743,061 |
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3,554,298 |
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3,744,228 |
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3,609,063 |
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Weighted-average shares outstanding for diluted earnings per common share |
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20,334,205 |
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17,391,128 |
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19,452,038 |
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17,416,142 |
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Basic earnings per share |
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$ |
1.25 |
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$ |
1.12 |
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$ |
2.29 |
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$ |
2.03 |
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Diluted earnings per share |
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$ |
1.08 |
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$ |
0.96 |
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$ |
1.97 |
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$ |
1.74 |
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