Earnings Per Share	6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]
Earnings Per Share	10. EARNINGS PER SHARE Earnings per share (“EPS”) for common stock is calculated using the two-class method required for participating securities. Basic EPS is calculated by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. Diluted EPS is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period and the weighted-average number of dilutive common stock equivalents outstanding for the period determined using the treasury-stock method. For purposes of this calculation, common stock equivalents include common stock options which are only included in the calculation of diluted EPS when their effect is dilutive. The following table reflects the calculation of basic and diluted earnings per common share class for the three and six months ended June 30, 2026 and 2025 (in thousands, except share amounts): Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Class A Class A Basic EPS Numerator: Net income available to common shares $ 9,078 $ 8,140 $ 18,429 $ 15,798 Denominator: Weighted average shares outstanding 18,346,946 20,059,264 18,280,860 20,040,205 Earnings per share, basic $ 0.49 $ 0.41 $ 1.01 $ 0.79 Diluted EPS Numerator: Net income available to common shares $ 9,078 $ 8,140 $ 18,429 $ 15,798 Denominator: Weighted average shares outstanding for basic EPS 18,346,946 20,059,264 18,280,860 20,040,205 Add: Dilutive effects of assumed exercises of stock options 162,626 236,530 162,626 259,380 Weighted avg. shares including dilutive potential common shares 18,509,572 20,295,794 18,443,486 20,299,585 Earnings per share, diluted $ 0.49 $ 0.40 $ 1.00 $ 0.78 Anti-dilutive stock options excluded from diluted EPS - - - - Net income has not been allocated to unvested restricted stock awards that are participating securities because the amounts that would be allocated are not material to earnings per share of common stock. Unvested restricted stock awards that are participating securities represent less than one percent of all of the outstanding shares of common stock for each of the periods presented.

10.

EARNINGS PER SHARE

Earnings

per

(“EPS”)

for

common

stock

calculated

using

the

two-class

method

required

for

participating

securities.

Basic

EPS

calculated

dividing

net

income

available

common

shareholders

the

weighted-average

number of common shares outstanding for

the period, without consideration for common

stock equivalents. Diluted EPS is

computed by dividing

net income

available to common

shareholders by the

weighted-average number

of common shares

outstanding for

the period

and the

weighted-average number of

dilutive common stock

equivalents outstanding

for the

period

determined using the treasury-stock

method. For purposes of this

calculation, common stock equivalents

include common

stock options which are only included in the calculation

of diluted EPS when their effect is dilutive.

The following table reflects

the calculation of basic

and diluted earnings per

common share class

for the three

and six

months ended June 30, 2026 and 2025 (in thousands,

except share amounts):

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Class A

Basic EPS

Numerator:

Net income available to common shares

9,078

8,140

18,429

15,798

Denominator:

Weighted average shares outstanding

18,346,946

20,059,264

18,280,860

20,040,205

Earnings per share, basic

0.49

0.41

1.01

0.79

Diluted EPS

Numerator:

Net income available to common shares

9,078

8,140

18,429

15,798

Denominator:

Weighted average shares outstanding for basic EPS

18,346,946

20,059,264

18,280,860

20,040,205

Add: Dilutive effects of assumed exercises of stock

options

162,626

236,530

162,626

259,380

Weighted avg. shares including dilutive potential common

18,509,572

20,295,794

18,443,486

20,299,585

Earnings per share, diluted

0.49

0.40

1.00

0.78

Anti-dilutive stock options excluded from diluted

EPS

Net income has not been allocated to unvested

restricted stock awards that are participating

securities because the amounts that would be allocated

are

not material to earnings per share of common stock.

Unvested restricted stock awards that are participating

securities represent less than one percent of

all of the outstanding shares of common stock for

each of the periods presented.