| EARNINGS PER SHARE (“EPS”) |
EARNINGS PER SHARE (“EPS”) The following is a reconciliation of net income and shares outstanding used to compute EPS for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (dollars in thousands, except share and per share data) | | 2026 | | 2025 | | 2026 | | 2025 | Net income | | $ | 14,300 | | | $ | 14,099 | | | $ | 28,091 | | | $ | 30,952 | | | | | | | | | | | | Weighted average common shares outstanding - basic | | 32,155,912 | | | 32,423,935 | | | 32,256,261 | | | 32,371,662 | | | Dilutive effect of outstanding: | | | | | | | | | | Stock options and unvested stock grants | | 240,033 | | | 261,197 | | | 278,910 | | | 319,981 | | Weighted average common shares outstanding - diluted | | 32,395,945 | | | 32,685,132 | | | 32,535,171 | | | 32,691,643 | | | | | | | | | | | Earnings per common share - basic | | $ | 0.44 | | | $ | 0.43 | | | $ | 0.87 | | | $ | 0.96 | | Earnings per common share - diluted | | $ | 0.44 | | | $ | 0.43 | | | $ | 0.86 | | | $ | 0.95 | |
For the three months ended June 30, 2026 and 2025, there were 1,673 and 227,638 restricted stock units and zero and zero stock options, respectively, that were not included in the computation of diluted earnings per share, because they were anti-dilutive. For the six months ended June 30, 2026 and 2025, there were 1,297 and 144,414 restricted stock units and zero and zero stock options, respectively, that were not included in the computation of diluted earnings per share, because they were anti-dilutive.
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