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NET INCOME PER COMMON SHARE | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
NET INCOME PER COMMON SHARE | NET INCOME PER COMMON SHARE Basic net income per common share is computed by dividing net income available to common stockholders by the weighted-average common shares outstanding during the reporting period. Diluted net income per common share is computed by dividing net income available to common stockholders by the combination of the weighted-average common shares outstanding during the reporting period and all potentially dilutive common shares. Potentially dilutive common shares include stock options and RSAs issued under the Corporation’s share-based compensation plans. Potentially dilutive common shares are excluded from the computation of diluted earnings per common share in the periods where the effect would be antidilutive. The following table reconciles basic and diluted net income per common share for the years indicated:
| 2024 |  | 2023 |  | 2022
| Net Income Available to Common Stockholders |  | Weighted-Average Common Shares |  | Per Share Amount |  | Net Income Available to Common Stockholders |  | Weighted-Average Common Shares |  | Per Share Amount |  | Net Income Available to Common Stockholders |  | Weighted-Average Common Shares |  | Per Share Amount
Net income available to common stockholders | $ | 199,527 |  |  | 58,312,575 |  |  | $ | 3.42 |  |  | $ | 221,911 |  |  | 59,304,879 |  |  | $ | 3.74 |  |  | $ | 220,683 |  |  | 57,692,018 |  |  | $ | 3.83 |
Effect of potentially dilutive stock options and restricted stock awards |  |  | 219,990 |  |  |  |  |  |  | 183,641 |  |  |  |  |  |  | 258,239 |  |  |
Diluted net income per common share | $ | 199,527 |  |  | 58,532,565 |  |  | $ | 3.41 |  |  | $ | 221,911 |  |  | 59,488,520 |  |  | $ | 3.73 |  |  | $ | 220,683 |  |  | 57,950,257 |  |  | $ | 3.81 |
RSAs excluded from the diluted average common share calculation (1) |  |  | 92,175 |  |  |  |  |  |  | 69,421 |  |  |  |  |  |  | 39,830 |  |  |
(1) Anti-dilution occurs when the unrecognized compensation cost per share of an RSA exceeds the market price of the Corporation's stock. As of December 31, 2024, 2023 and 2022, there were no stock options with an option price greater than the average market price of the common shares.

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