Basic EPS is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, after giving retroactive effect to stock splits. Diluted EPS includes accrued but unissued shares relating to the Director Compensation Program, stock options, and restricted stock determined using the treasury stock method. The dilutive EPS calculation assumes all outstanding stock options to purchase common stock have been exercised at the beginning of the year, and the pro forma proceeds from the exercised options and restricted stock are used to purchase common stock at the average fair market valuation price.


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands, except share amounts)	2026		2025		2026		2025
Numerator:
Net income - basic	$	11,763	$	10,196	$	23,734	$	20,548
Net income - diluted	$	11,763	$	10,196	$	23,734	$	20,548

Denominator:
Weighted average shares outstanding - basic	6,584,696		6,740,312		6,580,866		6,758,720
Plus: Effect of Director Compensation Program	164		307		296		588
Plus: Effect of restricted stock	30,275		24,267		30,275		24,267
Weighted average shares outstanding - diluted	6,615,135		6,764,886		6,611,437		6,783,575

Earnings per common share:
Basic	$	1.79	$	1.51	$	3.61	$	3.04
Diluted	$	1.78	$	1.51	$	3.59	$	3.03