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Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share The following table sets forth the computation of basic and diluted earnings per common share for the three months and six months ended June 30, 2021 and 2020.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands, except share and per common share data) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Numerator: |  |  |  |  |  |  |  |
Net income |  | $ | 39,132 |  |  | $ | 29,505 |  |  | $ | 81,963 |  |  | $ | 51,877 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  | 16,340,690 |  |  | 16,296,427 |  |  | 16,327,838 |  |  | 16,300,015 |
Effect of dilutive PBRSUs and TBRSUs |  | 132,110 |  |  | 79,007 |  |  | 127,835 |  |  | 100,642 |
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs |  | 16,472,800 |  |  | 16,375,434 |  |  | 16,455,673 |  |  | 16,400,657 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic earnings per common share |  | $ | 2.39 |  |  | $ | 1.81 |  |  | $ | 5.02 |  |  | $ | 3.18 |
Diluted earnings per common share |  | $ | 2.38 |  |  | $ | 1.80 |  |  | $ | 4.98 |  |  | $ | 3.16 |
Park awarded 61,890 and 62,265 PBRSUs to certain employees during the six months ended June 30, 2021 and 2020, respectively. No PBRSU's were awarded during either of the three months ended June 30, 2021 or 2020. Park repurchased an aggregate of 76,000 common shares during the six months ended June 30, 2020, to fund the PBRSUs, the TBRSUs and common shares to be awarded to directors of Park and to directors of Park's subsidiary PNB (and its divisions). No common shares were repurchased during any of the three months ended June 30, 2021 or 2020 or the six months ended June 30, 2021.

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