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Earnings Per Share
 9 Months Ended
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:

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​

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​

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For the three months ended

​

For the nine months ended

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​

​

September 30, 

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September 30, 

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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:

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​

 

  

​

 

  

​

 

  

​

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.