| Computation Of Earnings Per Share |
The factors used in the earnings per share computation follow:
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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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(unaudited) |
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(unaudited) |
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Basic |
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Net income |
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$ |
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5,912 |
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$ |
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5,035 |
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$ |
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10,936 |
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$ |
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9,465 |
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Earnings allocated to participating securities |
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(181 |
) |
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(155 |
) |
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(337 |
) |
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(292 |
) |
Net income allocated to common shareholders |
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$ |
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5,731 |
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$ |
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4,880 |
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$ |
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10,599 |
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$ |
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9,173 |
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Weighted average common shares outstanding
including unvested share-based payment
awards |
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6,494,514 |
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6,466,518 |
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6,473,913 |
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6,436,666 |
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Less: Unvested share-based payment awards-
2019 Plan |
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(173,953 |
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(166,091 |
) |
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(170,390 |
) |
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(143,588 |
) |
Average shares |
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6,320,561 |
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6,300,427 |
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6,303,523 |
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6,293,078 |
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Basic earnings per common share |
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$ |
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0.91 |
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$ |
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0.77 |
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$ |
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1.68 |
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$ |
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1.46 |
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Diluted |
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Net income allocated to common shareholders |
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$ |
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5,731 |
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$ |
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4,880 |
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$ |
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10,599 |
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$ |
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9,173 |
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Weighted average common shares outstanding
for basic earnings per common share |
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6,320,561 |
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6,300,427 |
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6,303,523 |
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6,293,078 |
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Add: Dilutive effects of unvested share-based
payment awards-2019 Plan |
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42,988 |
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44,406 |
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32,381 |
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22,203 |
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Average shares and dilutive potential common
shares |
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6,363,549 |
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6,344,833 |
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6,335,904 |
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6,315,281 |
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Diluted earnings per common share |
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$ |
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0.90 |
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$ |
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0.77 |
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$ |
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1.67 |
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$ |
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1.45 |
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