v3.26.1
Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Calculations of Basic and Diluted Earnings per Share

The following table sets forth the calculation of basic and diluted EPS:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

(In thousands, except per share data)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net income

 

$

2,668

 

 

$

31

 

 

$

5,081

 

 

$

3,005

 

Series A Non-Voting Common Stock dividends

 

 

138

 

 

 

138

 

 

 

276

 

 

 

277

 

Warrant dividends

 

 

-

 

 

 

12

 

 

 

13

 

 

 

25

 

Undistributed earnings (losses) allocated to Participating Securities

 

 

462

 

 

 

(144

)

 

 

888

 

 

 

420

 

Net income available to common shareholders - Voting

 

$

2,068

 

 

$

25

 

 

$

3,904

 

 

$

2,283

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

2,668

 

 

$

31

 

 

$

5,081

 

 

$

3,005

 

Voting Common Stock dividends

 

 

490

 

 

 

480

 

 

 

978

 

 

 

955

 

Warrant dividends

 

 

-

 

 

 

12

 

 

 

13

 

 

 

25

 

Undistributed earnings (losses) allocated to Participating Securities

 

 

1,595

 

 

 

(467

)

 

 

2,983

 

 

 

1,363

 

Net income available to common shareholders - Non-Voting

 

$

583

 

 

$

6

 

 

$

1,107

 

 

$

662

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding - Voting

 

 

4,890

 

 

 

4,769

 

 

 

4,865

 

 

 

4,759

 

Basic weighted average common shares outstanding - Series A Non-Voting

 

 

1,380

 

 

 

1,380

 

 

 

1,380

 

 

 

1,380

 

Diluted weighted average common shares outstanding - Voting

 

 

4,956

 

 

 

4,811

 

 

 

4,921

 

 

 

4,815

 

Diluted weighted average common shares outstanding - Series A Non-Voting

 

 

1,380

 

 

 

1,380

 

 

 

1,380

 

 

 

1,380

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per common share - Voting

 

$

0.42

 

 

$

-

 

 

$

0.80

 

 

$

0.48

 

Basic and diluted earnings per common share - Series A Non-Voting

 

$

0.42

 

 

$

-

 

 

$

0.80

 

 

$

0.48

 

Diluted earnings per common share - Voting

 

$

0.42

 

 

$

-

 

 

$

0.80

 

 

$

0.47

 

Diluted earnings per common share - Series A Non-Voting

 

$

0.42

 

 

$

-

 

 

$

0.80

 

 

$

0.47