| EARNINGS PER SHARE |
NOTE 8. EARNINGS PER SHARE The following table presents the calculation of earnings per share: | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | (in thousands, except per share and share data) | | 2026 | | 2025 | | 2026 | | 2025 | Net income | | $ | 15,221 | | $ | 6,092 | | $ | 28,758 | | $ | 16,303 | | | | | | | | | | | | | | Average number of basic common shares outstanding(1) | | | 16,750,996 | | | 15,320,665 | | | 16,739,703 | | | 15,312,202 | Plus: dilutive effect of stock options and awards outstanding | | | 57,478 | | | 51,536 | | | 65,913 | | | 69,864 | Average number of diluted common shares outstanding(2) | | | 16,808,474 | | | 15,372,201 | | | 16,805,616 | | | 15,382,066 | | | | | | | | | | | | | | Earnings per share: | | | | | | | | | | | | | Basic | | $ | 0.91 | | $ | 0.40 | | $ | 1.72 | | $ | 1.06 | Diluted | | | 0.91 | | | 0.40 | | | 1.71 | | | 1.06 |
| (1) | In the third quarter of 2025, the Company issued 1,350,464 shares of common stock in consideration for the acquisition of Guaranty. |
| (2) | Average diluted shares outstanding are computed using the treasury stock method. |
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