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Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Earnings per common share is computed using the two-class method. Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the applicable period, excluding outstanding participating securities. Participating securities include non-vested restricted stock awards. Non-vested restricted stock awards are considered participating securities to the extent the holders of these securities receive non-forfeitable dividends at the same rate as holders of common stock. Diluted earnings per common share is computed using the weighted-average number of shares determined for the basic earnings per common share computation plus the dilutive effect of stock compensation using the treasury stock method.
Stock options, where the exercise price was greater than the average market price of the common shares, were excluded from the computation of diluted earnings per common share because the result would have been antidilutive. There were no stock options outstanding as of June 30, 2025, and 2024.
The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share.
Three Months Ended
June 30,		Six Months Ended
June 30,
(Dollars in thousands - except per share amounts)2025202420252024
Distributed earnings allocated to common stock$9,329 $8,308 $18,166 $16,617 
Undistributed earnings allocated to common stock27,676 28,124 56,042 48,994 
Net earnings allocated to common stock37,005 36,432 74,208 65,611 
Net earnings allocated to participating securities314 361 631 637 
Net income allocated to common stock and participating securities$37,319 $36,793 $74,839 $66,248 
Weighted average shares outstanding for basic earnings per common share24,541,385 24,495,495 24,544,120 24,477,292 
Dilutive effect of stock compensation— — — — 
Weighted average shares outstanding for diluted earnings per common share24,541,385 24,495,495 24,544,120 24,477,292 
Basic earnings per common share$1.51 $1.49 $3.02 $2.68 
Diluted earnings per common share$1.51 $1.49 $3.02 $2.68