| Schedule of Computation of Basic and Diluted Earnings Per Common Share |
The following is a computation of basic and diluted earnings per common share at the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | | (dollars in thousands, except earnings per share data; unaudited) | | Net (loss) income | $ | (42,105) | | | $ | 11,028 | | | $ | (30,086) | | | $ | 20,758 | | | Basic weighted average number common shares outstanding | 15,243,357 | | 15,033,296 | | 15,211,579 | | 14,998,097 | | Dilutive effect of equity-based awards | 0 | | 414,627 | | 0 | | 250,679 | Diluted weighted average number common shares outstanding | 15,243,357 | | 15,447,923 | | 15,211,579 | | 15,248,776 | | Basic (loss) earnings per share | $ | (2.76) | | | $ | 0.73 | | | $ | (1.98) | | | $ | 1.38 | | | Diluted (loss) earnings per share | $ | (2.76) | | | $ | 0.71 | | | $ | (1.98) | | | $ | 1.36 | | | Antidilutive stock options and restricted stock outstanding | 382,579 | | 79,673 | | 384,244 | | 41,185 |
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