| Computation of Earnings per Share |
The following table sets forth the computation of earnings per share.
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Three months ended
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Six months ended
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June 30,
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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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Net income applicable to common stock
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$
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10,187,000 |
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$
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8,463,000 |
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$
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20,563,000 |
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$
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16,084,000 |
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Basic earnings per share computation
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Weighted average common shares outstanding
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4,797,940 |
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4,797,716 |
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4,798,104 |
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4,797,642 |
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Earnings per share - basic
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$
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2.12 |
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$
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1.76 |
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$
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4.29 |
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$
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3.35 |
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Diluted earnings per share computation
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Weighted average common shares outstanding for basic earnings per share
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4,797,940 |
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4,797,716 |
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4,798,104 |
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4,797,642 |
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Add: Dilutive effects of restricted stock
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4,253 |
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2,668 |
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3,847 |
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3,220 |
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Weighted average common shares outstanding for dilutive earnings per share
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4,802,193 |
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4,800,384 |
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4,801,951 |
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4,800,862 |
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Earnings per share - diluted
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$
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2.12 |
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$
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1.76 |
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$
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4.28 |
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$
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3.35 |
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