| Schedule of Basic and Diluted Earnings per Common Share |
The following table reconciles the numerators and denominators of basic and diluted earnings per common share calculations for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (Dollars in Thousands, except share and per share data) | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator for Earnings per Common Share – Basic and Diluted | | | | | | | | | | Net Income | | $ | 28,911 | | | $ | 8,510 | | | $ | 114,668 | | | $ | 17,463 | | | Less: Income allocated to Participating Shares | | 402 | | | 97 | | | 1,514 | | | 190 | | | Net Income Allocated to Common Shareholders - Basic & Diluted | | $ | 28,509 | | | $ | 8,413 | | | $ | 113,154 | | | $ | 17,273 | | | | | | | | | | | | Distributed Earnings allocated to Common Stock | | $ | 2,188 | | | $ | — | | | $ | 2,189 | | | $ | — | | | Undistributed Earnings allocated to Common Stock | | 26,321 | | | 8,413 | | | 110,965 | | | 17,273 | | | Net income allocated to Common Shareholders - Basic & Diluted | | $ | 28,509 | | | $ | 8,413 | | | $ | 113,154 | | | $ | 17,273 | | | | | | | | | | | | Denominator: | | | | | | | | | | Weighted Average Shares Outstanding, including Shares Considered Participating Shares | | 22,146,599 | | | 23,067,260 | | | 22,134,757 | | | 23,090,907 | | | Less: Average Participating Shares | | 307,954 | | | 261,379 | | | 292,260 | | | 251,495 | | | Weighted Average Common Shares Outstanding - Basic & Diluted | | 21,838,645 | | | 22,805,881 | | | 21,842,497 | | | 22,839,412 | | | | | | | | | | | | Earnings per Common Share – Basic | | $ | 1.31 | | | $ | 0.37 | | | $ | 5.18 | | | $ | 0.76 | | | Earnings per Common Share – Diluted | | $ | 1.31 | | | $ | 0.37 | | | $ | 5.18 | | | $ | 0.76 | |
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