| Schedule of Earnings Per Share, Basic and Diluted |
The following is a reconciliation of net income and shares outstanding to the net income and number of shares used to compute earnings per share (“EPS”) for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | September 30, 2026 | | June 30, 2026 | | September 30, 2025 | | Income | | Shares | | Income | | Shares | | Income | | Shares | | (dollars in thousands except per share data) | | Net income | $ | 12,637 | | | | | $ | 10,140 | | | | | $ | 10,148 | | | | | Shares outstanding | | | 16,827,168 | | | | 16,985,919 | | | | 17,043,897 | | Impact of weighting shares | | | 83,284 | | | | 25,705 | | | | 181,805 | | Used in basic EPS | 12,637 | | | 16,910,452 | | 10,140 | | | 17,011,624 | | 10,148 | | | 17,225,702 | | Dilutive effect of outstanding stock options & RSUs | | | 117,234 | | | | 130,118 | | | | 75,925 | | Used in dilutive EPS | $ | 12,637 | | | 17,027,686 | | $ | 10,140 | | | 17,141,742 | | $ | 10,148 | | | 17,301,627 | | | | | | | | | | | | | | Basic earnings per common share | $ | 0.75 | | | | | $ | 0.60 | | | | | $ | 0.59 | | | | | Diluted earnings per common share | $ | 0.74 | | | | | $ | 0.59 | | | | | $ | 0.59 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, | | 2026 | | 2025 | | Income | | Shares | | Income | | Shares | | (dollars in thousands except per share data) | | Net income | $ | 34,077 | | | | | $ | 21,771 | | | | | Shares outstanding | | | 16,827,168 | | | | 17,043,897 | | Impact of weighting shares | | | 167,548 | | | | 520,938 | | Used in basic EPS | 34,077 | | | 16,994,716 | | 21,771 | | | 17,564,835 | | Dilutive effect of outstanding stock options & RSUs | | | 119,397 | | | | 56,764 | | Used in dilutive EPS | $ | 34,077 | | | 17,114,113 | | $ | 21,771 | | | 17,621,599 | | | | | | | | | | Basic earnings per common share | $ | 2.01 | | | | | $ | 1.24 | | | | | Diluted earnings per common share | $ | 1.99 | | | | | $ | 1.24 | | | |
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