Basic earnings per common share represents income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued relate solely to outstanding shares in the Directors Plan, grant awards under the RSP, and purchase options under the ESPP.

Pursuant to the Corporation’s at-the-market offering, we issued and sold 303,371 shares of common stock during the six months ended June 30, 2026, increasing equity by $11.7 million as of June 30, 2026.

Earnings per common share have been computed based on the following for the periods indicated:


	Three Months Ended June 30				Six Months Ended June 30
(dollars in thousands, except per share amounts)	2026		2025		2026		2025
Average number of common shares outstanding for basic calculation	7,330,929		7,383,338		7,324,794		7,400,370
Dilutive effect of stock compensation, awards, and options	6,449		14,771		7,284		13,604
Average number of common shares outstanding used to calculate diluted earnings per common share	7,337,378		7,398,109		7,332,078		7,413,974
Net income	$	5,041	$	5,031	$	10,033	$	8,980
Earnings per common share
Basic	$	0.69	$	0.68	$	1.37	$	1.21
Diluted	0.69		0.68		1.37		1.21