Basic net income per common share available to common stockholders is calculated as net income less preferred stock dividends divided by the weighted average number of common shares outstanding. Diluted net income per common share available to common stockholders is computed using the weighted average number of common shares outstanding, increased by the assumed conversion of the Company’s convertible preferred stock and the Company’s stock options and restricted stock awarded, unless anti-dilutive.

The components of basic and diluted net income per common share available to common stockholders for the three and six months ended June 30, 2026 and 2025 were as follows:


	Three months ended				Six months ended
	June 30,				June 30,
	2026		2025		2026		2025
Basic net income per common share available to common stockholders:
Net income available to common stockholders	$	27,789,000	$	23,438,000	$	54,116,000	$	45,609,000
Weighted average common shares outstanding		26,458,805		23,867,592		25,622,671		23,863,229
Basic earnings per common share	$	1.05	$	0.98	$	2.11	$	1.91
Diluted net income per common share available to common stockholders:
Net income available to common stockholders	$	27,789,000	$	23,438,000	$	54,116,000	$	45,609,000
Weighted average common shares outstanding		26,458,805		23,867,592		25,622,671		23,863,229
Dilutive potential common shares:
Restricted stock awarded		145,979		121,382		131,348		110,954
Diluted weighted average common shares outstanding		26,604,784		23,988,974		25,754,019		23,974,183
Diluted earnings per common share	$	1.04	$	0.98	$	2.10	$	1.90

There were no shares not considered in computing diluted earnings per share for the three and six months ended June 30, 2026 and 2025.

Note 2 -- Earnings Per Share