| Schedule of computation of earnings per share |
| | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | | | September 30, | | September 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | Earnings per common share - basic: | | | | | | | | | | | | | | Income available to common shareholders (in thousands): | | | | | | | | | | | | | | Net income | | $ | 7,541 | | $ | 5,404 | | $ | 20,662 | | $ | 15,317 | | Less: Income attributable to unvested restricted stock awards | | | (36) | | | (19) | | | (99) | | | (55) | | Net income available to common shareholders | | $ | 7,505 | | $ | 5,385 | | $ | 20,563 | | $ | 15,262 | | | | | | | | | | | | | | | | Weighted average shares outstanding: | | | | | | | | | | | | | | Common shares outstanding, including unvested restricted stock | | | 14,112,126 | | | 14,223,765 | | | 14,138,945 | | | 14,256,539 | | Less: Unvested restricted stock | | | (67,588) | | | (50,812) | | | (67,750) | | | (51,182) | | Weighted-average common shares outstanding - basic | | | 14,044,538 | | | 14,172,953 | | | 14,071,195 | | | 14,205,357 | | | | | | | | | | | | | | | | Earnings per common share - basic | | $ | 0.53 | | $ | 0.38 | | $ | 1.46 | | $ | 1.07 | | | | | | | | | | | | | | | | Earnings per common share - diluted: | | | | | | | | | | | | | | Income available to common shareholders (in thousands): | | | | | | | | | | | | | | Net income | | $ | 7,541 | | $ | 5,404 | | $ | 20,662 | | $ | 15,317 | | Less: Income attributable to unvested restricted stock awards | | | (36) | | | (19) | | | (99) | | | (55) | | Net income available to common shareholders | | $ | 7,505 | | $ | 5,385 | | $ | 20,563 | | $ | 15,262 | | | | | | | | | | | | | | | | Weighted average shares outstanding: | | | | | | | | | | | | | | Common shares outstanding, including unvested restricted stock | | | 14,112,126 | | | 14,223,765 | | | 14,138,945 | | | 14,256,539 | | Less: Unvested restricted stock | | | (67,588) | | | (50,812) | | | (67,750) | | | (51,182) | | Plus: Effect of dilutive options | | | — | | | — | | | — | | | 6,525 | | Weighted-average common shares outstanding - diluted | | | 14,044,538 | | | 14,172,953 | | | 14,071,195 | | | 14,211,882 | | | | | | | | | | | | | | | | Earnings per common share - diluted | | $ | 0.53 | | $ | 0.38 | | $ | 1.46 | | $ | 1.07 | |
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