| Schedule of basic and diluted earnings per share |
The following presents the calculation of basic and diluted earnings per common share during the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | dollars in thousands, except share and per share amounts | 2026 | | 2025 | | 2026 | | 2025 | | Earnings per common share - Basic | | | | | | | | | Numerator: | | | | | | | | | Net income available for common shareholders | $ | 5,981 | | | $ | 3,186 | | | $ | 17,918 | | | $ | 9,874 | | | | | | | | | | | Denominator: | | | | | | | | | Basic weighted average shares | 9,769,564 | | 9,717,571 | | 9,751,630 | | 9,710,020 | | Earnings per common share - basic | $ | 0.61 | | | $ | 0.33 | | | $ | 1.84 | | | $ | 1.02 | | | | | | | | | | | Earnings per common share - Diluted | | | | | | | | | Numerator: | | | | | | | | | Net income available for common shareholders | $ | 5,981 | | | $ | 3,186 | | | $ | 17,918 | | | $ | 9,874 | | | | | | | | | | | Denominator: | | | | | | | | | Basic weighted average shares | 9,769,564 | | 9,717,571 | | 9,751,630 | | 9,710,020 | | Diluted effect of common stock equivalents: | | | | | | | | | Stock options | 2,277 | | | — | | 1,028 | | — | | Time Vesting Units | 61,195 | | 43,346 | | 62,753 | | 44,023 | | Financial Performance Units | 148,827 | | 107,825 | | 125,483 | | 71,557 | | | | | | | | | | Total diluted effect of common stock equivalents | 212,299 | | 151,171 | | 189,264 | | 115,580 | | Diluted weighted average shares | 9,981,863 | | 9,868,742 | | 9,940,895 | | 9,825,600 | | Earnings per common share - diluted | $ | 0.60 | | | $ | 0.32 | | | $ | 1.80 | | | $ | 1.00 | |
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| Schedule of potentially dilutive securities |
The following presents potentially dilutive securities excluded from the diluted earnings per share calculation during the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Stock options | — | | 67,478 | | 5,248 | | 68,311 | | | Time Vesting Units | — | | 37,684 | | 2,528 | | 42,044 | | | | | | | | | | | | | | | | | | | Total potentially dilutive securities | — | | 105,162 | | 7,776 | | 110,355 |
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