v3.26.1
Basic and Diluted Earnings Per Share
 6 Months Ended
Jun. 30, 2026
Basic and Diluted Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share Text Block
NOTE 2: BASIC AND DILUTED NET EARNINGS PER SHARE
Basic net earnings per share is computed by dividing net earnings by
the weighted average common shares outstanding for
the respective period.
Diluted net earnings per share reflects
the potential dilution that could occur upon exercise of
securities or other rights for, or convertible into,
shares of the Company’s common stock.
During 2026, the Company
granted 8,172 restricted stock units (“RSUs”), which represent potential
common shares.
During 2025, the Company
granted 3,029 RSUs, which vested during the first quarter of 2026.
RSUs are included in the computation of diluted net
earnings per share using the treasury stock method.
The basic and diluted net earnings per share computations for the respective
periods are presented below:
Quarter ended June 30,
Six months ended June 30,
(Dollars in thousands, except share and per share data)
2026
2025
2026
2025
Basic:
Net earnings
$
2,298
$
1,833
$
4,496
$
3,363
Weighted average
common shares outstanding
3,492,107
3,493,699
3,493,162
3,493,699
Net earnings per share
$
0.66
$
0.52
$
1.29
$
0.96
Diluted:
Net earnings
$
2,298
$
1,833
$
4,496
$
3,363
Weighted average
common shares outstanding, basic
3,492,107
3,493,699
3,493,162
3,493,699
Dilutive effect of restricted stock units
—
—
1,130
—
Weighted average
common shares outstanding, diluted
3,492,107
3,493,699
3,494,292
3,493,699
Net earnings per share
0.66
0.52
1.29
0.96