| Computation of Earnings per Share |
The following table sets forth the computation of earnings per share.
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Three months ended
September 30,
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Nine months ended
September 30,
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2026
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2025
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2026
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2025
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Net income applicable to common stock
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$
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11,921,000 |
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$
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10,005,000 |
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$
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32,484,000 |
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$
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26,089,000 |
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Basic earnings per share computation
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Weighted average common shares outstanding
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4,800,757 |
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4,796,946 |
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4,798,879 |
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4,797,335 |
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Earnings per share - basic
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$
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2.48 |
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$
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2.09 |
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$
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6.77 |
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$
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5.44 |
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Diluted earnings per share computation
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Weighted average common shares outstanding for basic earnings per share
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4,800,757 |
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4,796,946 |
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4,798,879 |
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4,797,335 |
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Add: Dilutive effects of restricted stock
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1,650 |
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1,105 |
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2,435 |
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2,131 |
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Weighted average common shares outstanding for dilutive earnings per share
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4,802,407 |
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4,798,051 |
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4,801,314 |
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4,799,466 |
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Earnings per share - diluted
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$
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2.48 |
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$
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2.09 |
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$
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6.77 |
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$
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5.44 |
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