Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period, which includes shares held in treasury on behalf of participants in the Company’s Directors Fee Deferral Plan, and share repurchases. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock based awards, none of which were antidilutive.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Weighted average shares outstanding for basic earnings per common share	25,027,394		25,703,699		25,142,662		25,708,543
Dilutive effect of stock based awards	210,488		117,661		177,831		95,779
Weighted average shares outstanding for diluted earnings per common share	25,237,882		25,821,360		25,320,493		25,804,322

Basic earnings per common share	$	1.15	$	1.03	$	3.33	$	2.86
Diluted earnings per common share	$	1.14	$	1.03	$	3.31	$	2.85