| Summary of Net Income Per Common Share |
Net income per common share was calculated as follows for the three and six months ended June 30, 2026 and 2025:
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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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(In thousands of dollars except share and per share amounts) |
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2026 |
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2025 |
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2026 |
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2025 |
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Net income per share - basic computation: |
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Net income available to common shareholders |
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$ |
7,333 |
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$ |
5,965 |
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$ |
13,662 |
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$ |
11,015 |
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Average common shares outstanding - basic |
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12,001,385 |
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10,277,721 |
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11,991,951 |
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10,275,436 |
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Basic net income per share |
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$ |
0.61 |
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$ |
0.58 |
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$ |
1.14 |
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$ |
1.07 |
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Diluted net income per share computation: |
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Net income available to common shareholders |
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$ |
7,333 |
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$ |
5,965 |
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$ |
13,662 |
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$ |
11,015 |
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Average common shares outstanding - basic |
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12,001,385 |
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10,277,721 |
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11,991,951 |
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10,275,436 |
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Incremental shares from assumed conversions |
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Stock options |
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344,200 |
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247,388 |
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335,312 |
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257,590 |
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Restricted stock units |
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102,206 |
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87,146 |
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117,621 |
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103,971 |
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Average common shares outstanding - diluted |
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12,447,791 |
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10,612,255 |
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12,444,884 |
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10,636,997 |
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Diluted net income per share |
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$ |
0.59 |
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$ |
0.57 |
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$ |
1.10 |
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$ |
1.04 |
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