XML 41 R26.htm IDEA: XBRL DOCUMENT v3.25.0.1
CALCULATION OF EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
CALCULATION OF EARNINGS PER COMMON SHARE
The following table reconciles basic to diluted weighted average shares outstanding used to calculate earnings per share data (dollars in thousands, except per share data):
 Years Ended December 31
 202420232022
Net income$168,898 $183,624 $195,378 
Basic weighted average shares outstanding34,470,057 34,344,142 34,264,322 
Dilutive effect of unvested restricted stock158,653 106,270 195,600 
Diluted weighted shares outstanding34,628,710 34,450,412 34,459,922 
Earnings per common share   
Basic$4.90 $5.35 $5.70 
Diluted$4.88 $5.33 $5.67 
Anti-dilutive restricted stock excluded from the diluted average outstanding share calculation (1)
1,929 21,865 — 
(1)Anti-dilution occurs when the unrecognized compensation cost per share of restricted stock exceeds the current market price of the Company’s stock.