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Earnings Per Share | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Note 2 -- Earnings Per Share Basic net income per common share available to common stockholders is calculated as net income less preferred stock dividends divided by the weighted average number of common shares outstanding. Diluted net income per common share available to common stockholders is computed using the weighted average number of common shares outstanding, increased by the Company’s stock options, unless anti-dilutive. The components of basic and diluted net income per common share available to common stockholders for the three and nine months ended September 30, 2023 and 2022 were as follows:
|  | Three months ended |  |  | Nine months ended |
|  | September 30, |  |  | September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Basic net income per common share |  |  |  |  |  |  |  |  |  |  |  |
Available to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 15,117,000 |  |  | $ | 17,939,000 |  |  | $ | 50,864,000 |  |  | $ | 52,313,000 |
Weighted average common shares outstanding |  |  | 22,220,438 |  |  |  | 20,454,669 |  |  |  | 21,086,802 |  |  |  | 20,070,687 |
Basic earnings per common share |  | $ | 0.68 |  |  | $ | 0.88 |  |  | $ | 2.41 |  |  | $ | 2.61 |
Diluted net income per common share |  |  |  |  |  |  |  |  |  |  |  |
Available to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |
Net income applicable to diluted earnings per share |  | $ | 15,117,000 |  |  | $ | 17,939,000 |  |  | $ | 50,864,000 |  |  | $ | 52,313,000 |
Weighted average common shares outstanding |  |  | 22,220,438 |  |  |  | 20,454,669 |  |  |  | 21,086,802 |  |  |  | 20,070,687 |
Dilutive potential common shares: restricted stock awarded |  |  | 98,896 |  |  |  | 80,546 |  |  |  | 90,144 |  |  |  | 74,748 |
Diluted weighted average common shares outstanding |  |  | 22,319,334 |  |  |  | 20,535,215 |  |  |  | 21,176,946 |  |  |  | 20,145,435 |
Diluted earnings per common share |  | $ | 0.68 |  |  | $ | 0.88 |  |  | $ | 2.40 |  |  | $ | 2.60 |
There were no shares excluded when computing diluted earnings per share for the three and nine months ended September 30, 2023 and 2022 because they were anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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