EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

11.          EARNINGS PER SHARE

The following table reconciles the number of common shares used to compute basic and diluted earnings per common share:

	Three Months Ended March 31,
(in thousands, except per share amounts)	2024		2023
Basic earnings (loss) per common share:
Net income (loss) - basic	$	17,023	$	9,220
Weighted shares outstanding		11,452,054		11,424,552
Basic earnings (loss) per common share	$	1.49	$	0.81
Diluted earnings (loss) per common share:
Net income (loss) - basic	$	17,023	$	9,220
Weighted shares outstanding - basic		11,452,054		11,424,552
Effect of dilutive securities		103,951		6,435
Weighted shares outstanding - diluted		11,556,005		11,430,987
Diluted earnings (loss) per common share	$	1.47	$	0.81