| Schedule of Reconciliation of Number of Common Shares Used in Calculation of Basic and Diluted Earnings Per Common Share |
The following table presents a reconciliation of the number of common shares used in the calculation of basic and diluted earnings per common share:
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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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2026 |
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2025 |
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2026 |
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2025 |
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(Dollars in thousands except share data) |
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Net income available to common stockholders |
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$ |
8,213 |
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$ |
5,818 |
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$ |
16,555 |
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$ |
11,496 |
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Common shares outstanding for basic EPS: |
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Weighted average common shares outstanding |
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24,187,901 |
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23,984,800 |
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24,172,133 |
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23,974,722 |
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Less: Weighted average unallocated Employee Stock
Ownership Plan (ESOP) shares |
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1,134,441 |
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1,268,185 |
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1,151,064 |
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1,284,808 |
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Basic weighted average common shares outstanding |
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23,053,460 |
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22,716,615 |
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23,021,069 |
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22,689,914 |
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Basic earnings per common share |
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$ |
0.36 |
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$ |
0.26 |
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$ |
0.72 |
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$ |
0.51 |
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Potential dilutive common shares: |
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Add: Dilutive effect of restricted stock awards and stock options |
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454,693 |
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231,154 |
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398,846 |
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230,927 |
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Diluted weighted average common shares outstanding |
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23,508,153 |
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22,947,769 |
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23,419,915 |
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22,920,841 |
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Diluted earnings per common share |
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$ |
0.35 |
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$ |
0.25 |
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$ |
0.71 |
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$ |
0.50 |
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