| Computation Of Earnings Per Share |
The factors used in the earnings per share computation follow:
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Three months ended |
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Nine months ended |
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September 30, |
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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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(unaudited) |
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(unaudited) |
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Basic |
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Net income |
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$ |
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6,033 |
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$ |
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2,340 |
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$ |
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16,969 |
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$ |
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11,805 |
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Earnings allocated to participating securities |
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(109 |
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(72 |
) |
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(448 |
) |
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(364 |
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Net income allocated to common stockholders |
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$ |
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5,924 |
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$ |
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2,268 |
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$ |
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16,521 |
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$ |
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11,441 |
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Weighted average common shares outstanding
including unvested share-based payment
awards |
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6,574,720 |
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6,445,150 |
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6,507,885 |
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6,439,525 |
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Less: Unvested share-based payment awards-
2019 Plan |
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(166,350 |
) |
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(152,452 |
) |
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(169,028 |
) |
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(146,575 |
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Average shares |
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6,408,370 |
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6,292,698 |
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6,338,857 |
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6,292,950 |
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Basic earnings per common share |
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$ |
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0.92 |
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$ |
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0.36 |
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$ |
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2.61 |
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$ |
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1.82 |
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Diluted |
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Net income allocated to common stockholders |
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$ |
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5,924 |
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$ |
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2,268 |
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$ |
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16,521 |
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$ |
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11,441 |
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Weighted average common shares outstanding
for basic earnings per common share |
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6,408,370 |
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6,292,698 |
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6,338,857 |
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6,292,950 |
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Add: Dilutive effects of unvested share-based
payment awards-2019 Plan |
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67,070 |
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53,545 |
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43,944 |
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32,650 |
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Average shares and dilutive potential common
shares |
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6,475,440 |
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6,346,243 |
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6,382,801 |
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6,325,600 |
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Diluted earnings per common share |
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$ |
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0.91 |
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$ |
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0.36 |
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$ |
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2.59 |
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$ |
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1.81 |
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