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(Loss) Earnings Per Common Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
(Loss) Earnings Per Common Share (Loss) Earnings Per Common Share
The following is a computation of basic and diluted earnings per common share at the periods indicated:
Three Months EndedNine Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
(dollars in thousands, except earnings per share data; unaudited)
Net (loss) income$13,788 $13,592 $(16,298)$34,350 
Basic weighted average number common shares outstanding15,256,87315,093,27415,226,84315,030,171
Dilutive effect of equity-based awards160,305350,7130284,390
Diluted weighted average number common shares outstanding
15,417,17815,443,98715,226,84315,314,561
Basic (loss) earnings per share$0.90 $0.90 $(1.07)$2.29 
Diluted (loss) earnings per share$0.89 $0.88 $(1.07)$2.24 
Antidilutive stock options and restricted stock outstanding160,80894,268354,28759,074
Under the two-class method, earnings available to common shareholders for the period are allocated between common shareholders and participating securities according to dividends declared (or accumulated) and participation rights in undistributed earnings, however the difference in the two-class method was not significant.
Because the Company reported a net loss for the nine months ended September 30, 2026, all potential common shares were excluded from the computation of diluted earnings per share for that period because their effect would have been antidilutive.