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Earnings Per Share | 9 Months Ended
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Sep. 30, 2022
Notes to Financial Statements |
Earnings Per Share | 3. Earnings Per Share Earnings per common share have been computed based on the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended | ​ | For the nine months ended | ​
​ | ​ | September 30, | ​ | September 30, | ​
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021 |
​ | ​ | (Dollars in thousands, except per share data)
Net income, as reported | ​ | $ | 23,442 | ​ | $ | 25,413 | ​ | $ | 66,696 | ​ | $ | 63,710 | ​
Divided by: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Total weighted average common shares outstanding and common stock equivalents (1) | ​ |  | 30,695 | ​ |  | 31,567 | ​ |  | 30,960 | ​ |  | 31,616 | ​
Basic earnings per common share | ​ | $ | 0.76 | ​ | $ | 0.81 | ​ | $ | 2.15 | ​ | $ | 2.02 | ​
Diluted earnings per common share | ​ | $ | 0.76 | ​ | $ | 0.81 | ​ | $ | 2.15 | ​ | $ | 2.02 | ​
Dividend Payout ratio | ​ |  | 28.9 | % |  | 25.9 | % |  | 30.7 | % |  | 31.2 | %
(1) | For the three and nine months ended September 30, 2022 and 2021, there were no common stock equivalents that were anti-dilutive.

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