Three months ended

Six months ended

June 30,

2026

2025

2026

2025

(In thousands, except share and per share data)

Numerator:

Net income (loss)

$

2,738

$

(282)

$

4,532

$

1,626

Denominator:

Weighted average common shares outstanding (basic)

16,964,267

16,519,267

16,945,963

16,519,267

Effect of stock options

1,287

—

977

—

Weighted average common shares outstanding (diluted)

16,965,554

16,519,267

16,946,940

16,519,267

Earnings per common share:

Basic

$

0.16

$

(0.02)

$

0.27

$

0.10

Diluted

0.16

(0.02)

0.27

0.10