| Schedule of Earnings Per Share, Basic and Diluted |
The following table presents the computations of basic and diluted earnings per share (“EPS”) for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | ($ in thousands, except per share) | | 2026 | | 2025 | | 2026 | | 2025 | Basic earnings per share: | | | | | | | | | | Net income available to common shareholders | | $ | 10,420 | | | $ | 8,984 | | | $ | 20,987 | | | $ | 16,679 | | Less: income allocated to unvested restricted stock | | (63) | | | (72) | | | (127) | | | (133) | | Net income allocated to common stock | | $ | 10,357 | | | $ | 8,912 | | | $ | 20,860 | | | $ | 16,546 | | Weighted-average total common shares outstanding | | 14,193,140 | | | 14,327,132 | | | 14,210,472 | | | 14,356,613 | | Less: weighted-average unvested restricted stock | | (85,850) | | | (114,100) | | | (85,877) | | | (114,127) | | Weighted-average common shares outstanding, basic | | 14,107,290 | | | 14,213,032 | | | 14,124,595 | | | 14,242,486 | | Basic earnings per share | | $ | 0.73 | | | $ | 0.63 | | | $ | 1.48 | | | $ | 1.16 | | Diluted earnings per share: | | | | | | | | | Net income allocated to common stock | | $ | 10,357 | | | $ | 8,912 | | | $ | 20,860 | | | $ | 16,546 | | Weighted-average common shares outstanding, basic | | 14,107,290 | | | 14,213,032 | | | 14,124,595 | | | 14,242,486 | | Diluted effect of stock options | | 113,124 | | | 112,979 | | | 106,643 | | | 122,509 | | Weighted-average common shares outstanding, diluted | | 14,220,414 | | | 14,326,011 | | | 14,231,238 | | | 14,364,995 | | Diluted earnings per share | | $ | 0.73 | | | $ | 0.62 | | | $ | 1.47 | | | $ | 1.15 | | | | | | | | | | |
|