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Earnings Per Share | 6 Months Ended
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Jun. 30, 2023
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 six months ended | ​ | ​
​ | ​ | June 30, | ​ | June 30, | ​ | ​
​ | ​ | 2023 | ​ | ​ | ​ | ​ | 2023 | ​ | ​ | ​ | ​ | ​
​ |  | (As Restated) |  | 2022 |  | (As Restated) |  | 2022 |  | ​
​ | ​ | (Dollars in thousands, except per share data) | ​
Net income, as reported | ​ | $ | 8,686 | ​ | $ | 25,035 | ​ | $ | 12,730 | ​ | $ | 43,254 | ​ | ​
Divided by: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | ​
Weighted average common shares outstanding (1) | ​ |  | 30,090 | ​ |  | 30,937 | ​ |  | 30,177 | ​ |  | 31,095 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per common share | ​ | $ | 0.29 | ​ | $ | 0.81 | ​ | $ | 0.42 | ​ | $ | 1.39 | ​ | ​
Diluted earnings per common share | ​ | $ | 0.29 | ​ | $ | 0.81 | ​ | $ | 0.42 | ​ | $ | 1.39 | ​ | ​
Dividend Payout ratio | ​ |  | 75.9 | % |  | 27.2 | % |  | 104.8 | % |  | 31.7 | % | ​
(1) For the three and six months ended June 30, 2023, and 2022, there were no common stock equivalents that were anti-dilutive.

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