Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per common share reflect the potential dilution that could occur if the Company's outstanding restricted stock units were vested. The dilutive effect was computed using the treasury stock method, which assumes all stock-based awards were exercised and the hypothetical proceeds from exercise were used by the Company to purchase common stock at the average market price during the period. The incremental shares, to the extent they would have been dilutive, were included in the denominator of the diluted earnings per common share calculation. The calculations of earnings per common share and diluted earnings per common share for the three and nine months ended September 30, 2026 and 2025 are presented in the following table.


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2026		2025		2026		2025
Net income	$	11,628	$	9,314	$	33,273	$	25,135

Weighted average common shares outstanding	17,044		16,941		17,011		16,906
Weighted average effect of restricted stock units outstanding	262		74		245		89
Diluted weighted average common shares outstanding	17,306		17,015		17,256		16,995

Basic earnings per common share	$	0.68	$	0.55	$	1.96	$	1.49
Diluted earnings per common share	$	0.67	$	0.55	$	1.93	$	1.48
Number of anti-dilutive common stock equivalents excluded from diluted earnings per share computation	—		309		28		316