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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Common Share Earnings Per Common Share
Earnings per common share is computed using the two-class method as more fully described in our 2020 Form 10-K. The following table presents a reconciliation of net income available to common shareholders, net earnings allocated to common stock and the number of shares used in the calculation of basic and diluted earnings per common share.
Three Months Ended
March 31,
20212020
Net income$116,015 $54,753 
Less: Preferred stock dividends2,151 2,016 
Redemption of preferred stock— 5,514 
Net income available to common shareholders113,864 47,223 
Less: Earnings allocated to participating securities1,162 445 
Net earnings allocated to common stock$112,702 $46,778 
Distributed earnings allocated to common stock$45,660 $44,512 
Undistributed earnings allocated to common stock67,042 2,266 
Net earnings allocated to common stock$112,702 $46,778 
Weighted-average shares outstanding for basic earnings per common share
63,306,493 62,642,682 
Dilutive effect of stock compensation509,290 407,154 
Weighted-average shares outstanding for diluted earnings per common share
63,815,783 63,049,836