| Earnings per Share |
NOTE 6 — Earnings per Share The factors used in the earnings per share computation follow: | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (Dollars in thousands, except per share data) | Basic: | | | | | | | | | | | | | Net income | | $ | 12,978 | | $ | 11,890 | | $ | 25,189 | | $ | 23,297 | Weighted average shares outstanding | | | 8,274,280 | | | 8,029,541 | | | 8,263,559 | | | 8,009,382 | Basic earnings per share | | $ | 1.57 | | $ | 1.48 | | $ | 3.05 | | $ | 2.91 | | | | | | | | | | | | | | Diluted: | | | | | | | | | | | | | Net income | | $ | 12,978 | | $ | 11,890 | | $ | 25,189 | | $ | 23,297 | Weighted average shares outstanding for basic earnings per share | | | 8,274,280 | | | 8,029,541 | | | 8,263,559 | | | 8,009,382 | Add: Dilutive effects of share based awards | | | 452,075 | | | 609,497 | | | 449,980 | | | 611,119 | Weighted average shares and dilutive potential shares | | | 8,726,355 | | | 8,639,038 | | | 8,713,539 | | | 8,620,501 | Diluted earnings per share | | $ | 1.49 | | $ | 1.38 | | $ | 2.89 | | $ | 2.70 |
Share-based awards totaling 22,737 and 43,852 shares of common stock were not considered in computing diluted earnings per common share for the three months ended June 30, 2026 and 2025, respectively, because they were anti-dilutive. Share-based awards totaling 22,737 and 63,326 shares of common stock were not considered in computing diluted earnings per common share for the six months ended June 30, 2026 and 2025, respectively, because they were anti-dilutive.
|