| EARNINGS PER SHARE |
12. EARNINGS PER SHARE
The factors used in the earnings per share computation for the periods indicated follow (dollars in thousands, except per share data):
| | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | | Nine Months Ended
September 30, | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Net income | $ | 20,765 | | | $ | 16,318 | | | $ | 54,302 | | | $ | 43,217 | | | | | | | | | | | | | | | | | | | | Weighted average common shares outstanding - basic | | 18,844,259 | | | | 16,241,695 | | | | 18,076,653 | | | | 16,295,757 | | | Effect of dilutive securities: | | | | | | | | | | | | | | | | | Stock-based compensation awards | | 757,104 | | | | 748,851 | | | | 728,904 | | | | 684,833 | | | Weighted average common shares outstanding - diluted | | 19,601,363 | | | | 16,990,546 | | | | 18,805,557 | | | | 16,980,590 | | | | | | | | | | | | | | | | | | | | Basic earnings per share | $ | 1.10 | | | $ | 1.00 | | | $ | 3.00 | | | $ | 2.65 | | | Diluted earnings per share | $ | 1.06 | | | $ | 0.96 | | | $ | 2.89 | | | $ | 2.55 | |
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