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Earnings Per Share
 3 Months Ended
Mar. 31, 2022
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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​

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​

​

​

​

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For the three months ended

​

​

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March 31, 

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​

    

2022

    

2021

    

​

(Dollars in thousands, except per share data)

Net income, as reported

​

$

18,219

​

$

19,039

​

Divided by:

​

 

  

​

 

  

​

Total weighted average common shares outstanding and common stock equivalents (1)

​

 

31,254

​

 

31,604

​

Basic earnings per common share

​

$

0.58

​

$

0.60

​

Diluted earnings per common share

​

$

0.58

​

$

0.60

​

Dividend Payout ratio

​

 

37.9

%  

 

35.0

%  

(1)For the three months ended March 31, 2022 and 2021, there were no common stock equivalents.