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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share

The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share for the three years ending December 31.


(Dollars in thousands - except per share amounts)						2021						2020						2019
Distributed earnings allocated to common stock						$	30,369					$	28,859					$	28,188
Undistributed earnings allocated to common stock						87,237						52,044						63,254
Net earnings allocated to common stock						117,606						80,903						91,442
Net earnings allocated to participating securities						928						534						518
Net income allocated to common stock and participating securities						$	118,534					$	81,437					$	91,960

Weighted average shares outstanding for basic earnings per common share						25,038,127						25,527,154						25,600,138
Dilutive effect of stock compensation						—						—						—
Weighted average shares outstanding for diluted earnings per common share						25,038,127						25,527,154						25,600,138

Basic earnings per common share						$	4.70					$	3.17					$	3.57
Diluted earnings per common share						$	4.70					$	3.17					$	3.57