| Calculations of Basic and Diluted Earnings per Share |
The following table sets forth the calculation of basic and diluted EPS:
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Three months ended June 30, |
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Six months ended June 30, |
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(In thousands, except per share data) |
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2026 |
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2025 |
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2026 |
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2025 |
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Net income |
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$ |
2,668 |
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$ |
31 |
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$ |
5,081 |
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$ |
3,005 |
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Series A Non-Voting Common Stock dividends |
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138 |
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138 |
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276 |
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277 |
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Warrant dividends |
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- |
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12 |
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13 |
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25 |
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Undistributed earnings (losses) allocated to Participating Securities |
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462 |
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(144 |
) |
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888 |
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420 |
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Net income available to common shareholders - Voting |
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$ |
2,068 |
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$ |
25 |
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$ |
3,904 |
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$ |
2,283 |
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Net income |
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$ |
2,668 |
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$ |
31 |
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$ |
5,081 |
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$ |
3,005 |
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Voting Common Stock dividends |
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490 |
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480 |
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978 |
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955 |
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Warrant dividends |
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- |
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12 |
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13 |
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25 |
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Undistributed earnings (losses) allocated to Participating Securities |
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1,595 |
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(467 |
) |
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2,983 |
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1,363 |
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Net income available to common shareholders - Non-Voting |
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$ |
583 |
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$ |
6 |
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$ |
1,107 |
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$ |
662 |
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Basic weighted average common shares outstanding - Voting |
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4,890 |
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4,769 |
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4,865 |
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4,759 |
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Basic weighted average common shares outstanding - Series A Non-Voting |
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1,380 |
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1,380 |
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1,380 |
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1,380 |
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Diluted weighted average common shares outstanding - Voting |
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4,956 |
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4,811 |
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4,921 |
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4,815 |
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Diluted weighted average common shares outstanding - Series A Non-Voting |
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1,380 |
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1,380 |
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1,380 |
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1,380 |
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Basic and diluted earnings per common share - Voting |
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$ |
0.42 |
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$ |
- |
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$ |
0.80 |
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$ |
0.48 |
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Basic and diluted earnings per common share - Series A Non-Voting |
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$ |
0.42 |
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$ |
- |
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$ |
0.80 |
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$ |
0.48 |
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Diluted earnings per common share - Voting |
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$ |
0.42 |
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$ |
- |
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$ |
0.80 |
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$ |
0.47 |
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Diluted earnings per common share - Series A Non-Voting |
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$ |
0.42 |
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$ |
- |
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$ |
0.80 |
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$ |
0.47 |
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