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CALCULATION OF EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Weighted Shares Outstanding

(dollars in thousands, except per share data):

			Years Ended December 31
			2024						2023						2022
Net income			$	168,898					$	183,624					$	195,378
Basic weighted average shares outstanding			34,470,057						34,344,142						34,264,322
Dilutive effect of unvested restricted stock			158,653						106,270						195,600
Diluted weighted shares outstanding			34,628,710						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.

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- References

No definition available.

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- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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