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Earnings Per Share
 6 Months Ended
Jun. 30, 2021
Notes To Financial Statements  
Earnings Per Share

3.     Earnings Per Share

Earnings per common share have been computed based on the following:

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For the three months ended

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For the six months ended

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​

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June 30, 

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June 30, 

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2021

    

2020

    

2021

    

2020

    

​

​

(In thousands, except per share data)

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Net income

​

$

19,258

​

$

18,272

​

$

38,297

​

$

16,882

​

Divided by:

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​

​

 

​

​

 

​

​

 

​

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Total weighted average common shares outstanding and common stock equivalents

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31,677

​

 

28,867

​

 

31,641

​

 

28,860

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Basic earnings per common share

​

$

0.61

​

$

0.63

​

$

1.21

​

$

0.58

​

Diluted earnings per common share (1)

​

$

0.61

​

$

0.63

​

$

1.21

​

$

0.58

​

Dividend payout ratio

​

 

34.4

%  

 

33.3

%  

 

34.7

%  

 

72.4

%  

(1)For the three and six months ended June 30, 2021 and 2020, there were no common stock equivalents and there were no common stock equivalents that were anti-dilutive.