| Schedule of Computation of Basic and Diluted Earnings Per Share |
The computation of basic and diluted earnings per common share is shown below: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Basic earnings per common share computation: | | | | | | | | | Net income per condensed consolidated statements of income | $ | 27,229 | | | $ | 12,881 | | | $ | 53,190 | | | $ | 23,287 | | | Net earnings allocated to participating securities | (256) | | | (120) | | | (491) | | | (199) | | | Net earnings allocated to common stock | $ | 26,973 | | | $ | 12,761 | | | $ | 52,699 | | | $ | 23,088 | | | Distributed earnings allocated to common stock | $ | 5,572 | | | $ | 3,756 | | | $ | 11,145 | | | $ | 7,487 | | | Undistributed earnings allocated to common stock | 21,401 | | | 9,005 | | | 41,554 | | | 15,601 | | | Net earnings allocated to common stock | $ | 26,973 | | | $ | 12,761 | | | $ | 52,699 | | | $ | 23,088 | | | Weighted average common shares outstanding, including shares considered participating securities | 29,627 | | | 21,053 | | | 29,602 | | | 21,018 | | | Less: Average participating securities | (273) | | | (172) | | | (266) | | | (144) | | | Weighted average shares | 29,354 | | | 20,881 | | | 29,336 | | | 20,874 | | | Basic earnings per common share | $ | 0.92 | | | $ | 0.61 | | | $ | 1.80 | | | $ | 1.11 | | | Diluted earnings per common share computation: | | | | | | | | | Net earnings allocated to common stock | $ | 26,973 | | | $ | 12,761 | | | $ | 52,699 | | | $ | 23,088 | | | Weighted average common shares outstanding for basic earnings per common share | 29,354 | | | 20,881 | | | 29,336 | | | 20,874 | | | Add: Dilutive effect of stock compensation | 138 | | | 72 | | | 130 | | | 65 | | | Weighted average shares and dilutive potential common shares | 29,492 | | | 20,953 | | | 29,466 | | | 20,939 | | | Diluted earnings per common share | $ | 0.91 | | | $ | 0.61 | | | $ | 1.79 | | | $ | 1.10 | |
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