v3.25.1
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of earnings per share
Year Ended
December 31,
202420232022
Financial Holding Company
Financial Holding Company
Investment Company
Basic earnings per share:
Net income available to common shareholders$49,253 $45,875 $32,311 
Weighted-average basic shares outstanding24,945 24,263 24,198 
Basic earnings per share$1.97 $1.89 $1.34 
Diluted earnings per share:
Net income, for diluted earnings per share$49,253 $45,875 $32,311 
Add: Preferred dividends on dilutive Series A convertible preferred stock¹— — — 
Net income, for diluted earnings per share49,253 45,875 32,311 
Total weighted-average basic shares outstanding24,945 24,263 24,198 
Add effect of dilutive restricted stock awards²241 85 — 
Total weighted-average diluted shares outstanding³25,186 24,348 24,198 
Diluted earnings per share$1.96 $1.88 $1.34 
Anti-dilutive warrants, restricted stock awards, and Series A convertible preferred stock 998 1,153 — 
1 For periods presented, the Series A convertible preferred stock was antidilutive and, therefore, the preferred dividends have not been added back to the numerator of Net income, for diluted earnings per share.
2 Incremental diluted shares from restricted stock awards under the treasury stock method.
3 For the year ended ended December 31, 2024 and December 31, 2023, the Warrants were not included in the diluted share count because the results would have been anti-dilutive under the if-converted method.