| Schedule of Income Per Share |
The table below reflects the calculation of income per common share and the weighted average number of common shares outstanding, on an as if converted basis, used in computing basic and diluted income per common share (in thousands, except per share amounts). | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (Unaudited) | | (Unaudited) | | Income per common share | | | | | | | | | Net income | $ | 9,773 | | | $ | 4,496 | | | $ | 27,504 | | | $ | 13,389 | | | Preferred stock dividend | — | | | 1,319 | | | — | | | 2,751 | | | Loss on redemption of preferred stock | — | | | 3,501 | | | — | | | 3,501 | | | Net income available to common stockholders | $ | 9,773 | | | $ | (324) | | | $ | 27,504 | | | $ | 7,137 | | | Basic weighted average shares outstanding | 18,362 | | | 18,034 | | | 18,322 | | | 17,937 | | | Income per common share | $ | 0.53 | | | $ | (0.02) | | | $ | 1.50 | | | $ | 0.40 | | | | | | | | | | | Diluted income per common share | | | | | | | | | Net income available to common stockholders | $ | 9,773 | | | $ | (324) | | | $ | 27,504 | | | $ | 7,137 | | | Basic weighted average shares outstanding | 18,362 | | | 18,034 | | | 18,322 | | | 17,937 | | | Effect of dilutive restricted stock and options | 448 | | | 563 | | | 486 | | | 559 | | | Diluted weighted average shares outstanding | 18,810 | | | 18,597 | | | 18,808 | | | 18,496 | | | Diluted income per common share | $ | 0.52 | | | $ | (0.02) | | | $ | 1.46 | | | $ | 0.39 | |
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