Quarterly report [Sections 13 or 15(d)]

Note 12 - Earnings (Loss) Per Share

v3.26.1
Note 12 - Earnings (Loss) Per Share
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

12.

Earnings (Loss) per Share

 ​

The amounts used in computing earnings per share and the weighted average common shares outstanding are as follows: 

 

   

Three Months Ended

 
   

March 31,

   

March 31,

 
   

2026

   

2025

 

Basic earnings per common share

               

Net income

  $ 6,376     $ 148  

Less: Distributed and undistributed earnings allocated to nonvested shares

    126       8  

Net income allocated to common shareholders

  $ 6,250     $ 140  

Weighted average common shares outstanding

    23,098,094       23,121,555  
    $ 0.27     $ 0.01  
                 

Diluted earnings (loss) per common share

               

Net income allocated to common shareholders - basic

  $ 6,250     $ 140  

Add: Undistributed earnings allocated to nonvested shareholders

    (12 )     (161 )

Net income (loss) allocated to common shareholders - diluted

  $ 6,238     $ (21 )

Weighted average common shares outstanding - basic

    23,098,094       23,121,555  

Dilutive effect of participating securities

    489,414       -  

Weighted average common shares outstanding - diluted

    23,587,508       23,121,555  
    $ 0.26     $ (0.00 )