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EARNINGS PER COMMON SHARE (Tables) | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Earnings Per Common Share | The following table presents computations of basic and diluted earnings per common share ("EPS") for the three and nine months ended September 30, 2022:
|  | Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
($ in thousands except per share data) |  | Common Stock |  | Class B Common Stock |  |  |  | Common Stock |  | Class B Common Stock |  |
Net income |  | $ | 24,004 |  |  | $ | 192 |  |  |  |  | $ | 98,646 |  |  | $ | 774 |  |  |
Less: preferred stock dividends |  | — |  |  | — |  |  |  |  | (1,409) |  |  | (11) |  |  |
Less: preferred stock redemption |  | — |  |  | — |  |  |  |  | (3,718) |  |  | (29) |  |  |
Net income allocated to common stockholders |  | $ | 24,004 |  |  | $ | 192 |  |  |  |  | $ | 93,519 |  |  | $ | 734 |  |  |
Weighted average common shares outstanding |  | 59,567,082 |  |  | 477,321 |  |  |  |  | 60,846,798 |  |  | 477,321 |  |  |
Dilutive effects of restricted shares/units |  | 444,321 |  |  | — |  |  |  |  | 331,389 |  |  | — |  |  |
Dilutive effects of stock options |  | 3,736 |  |  | — |  |  |  |  | 4,392 |  |  | — |  |  |
Average shares and dilutive common shares |  | 60,015,139 |  |  | 477,321 |  |  |  |  | 61,182,579 |  |  | 477,321 |  |  |
Basic earnings per common share |  | $ | 0.40 |  |  | $ | 0.40 |  |  |  |  | $ | 1.54 |  |  | $ | 1.54 |  |  |
Diluted earnings per common share |  | $ | 0.40 |  |  | $ | 0.40 |  |  |  |  | $ | 1.53 |  |  | $ | 1.54 |  |  |
The following table presents computations of basic and diluted EPS for the three and nine months ended September 30, 2021:
|  | Three Months Ended September 30, 2021 |  | Nine Months Ended September 30, 2021
($ in thousands except per share data) |  | Common Stock |  | Class B Common Stock |  |  |  | Common Stock |  | Class B Common Stock |  |
Net income |  | $ | 22,953 |  |  | $ | 217 |  |  |  |  | $ | 56,061 |  |  | $ | 534 |  |  |
Less: income allocated to participating securities |  | — |  |  | — |  |  |  |  | (158) |  |  | (2) |  |  |
Less: preferred stock dividends |  | (1,711) |  |  | (16) |  |  |  |  | (6,533) |  |  | (62) |  |  |
Less: preferred stock redemption |  | — |  |  | — |  |  |  |  | (3,315) |  |  | (32) |  |  |
Net income allocated to common stockholders |  | $ | 21,242 |  |  | $ | 201 |  |  |  |  | $ | 46,055 |  |  | $ | 438 |  |  |
Weighted average common shares outstanding |  | 50,239,359 |  |  | 477,321 |  |  |  |  | 50,096,607 |  |  | 477,321 |  |  |
Dilutive effects of stock units |  | 188,850 |  |  | — |  |  |  |  | 242,803 |  |  | — |  |  |
Dilutive effects of stock options |  | 3,787 |  |  | — |  |  |  |  | 5,241 |  |  | — |  |  |
Average shares and dilutive common shares |  | 50,431,996 |  |  | 477,321 |  |  |  |  | 50,344,651 |  |  | 477,321 |  |  |
Basic earnings per common share |  | $ | 0.42 |  |  | $ | 0.42 |  |  |  |  | $ | 0.92 |  |  | $ | 0.92 |  |  |
Diluted earnings per common share |  | $ | 0.42 |  |  | $ | 0.42 |  |  |  |  | $ | 0.91 |  |  | $ | 0.92 |  |  |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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