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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Components of Basic and Diluted Net Income per Common Share

The components of basic and diluted net income per common share available to common stockholders for the years ended December 31, 2023, 2022, and 2021 were as follows:

 

 

2023

 

 

2022

 

 

2021

 

Basic net income per common share available to common stockholders:

 

 

 

 

 

 

 

 

 

Net income available to common stockholders

 

$

68,935,000

 

 

$

72,952,000

 

 

$

51,490,000

 

Weighted average common shares outstanding

 

 

21,780,217

 

 

 

20,169,077

 

 

 

17,886,998

 

Basic earnings per common share

 

$

3.17

 

 

$

3.62

 

 

$

2.88

 

Diluted net income per common share available to common stockholders:

 

 

 

 

 

 

 

 

 

Net income available to common stockholders

 

$

68,935,000

 

 

$

72,952,000

 

 

$

51,490,000

 

Weighted average common shares outstanding

 

 

21,780,217

 

 

 

20,169,077

 

 

 

17,886,998

 

Dilutive potential common shares:

 

 

 

 

 

 

 

 

 

Restricted stock awarded

 

 

88,571

 

 

 

74,558

 

 

 

52,009

 

Dilutive potential common shares

 

 

88,571

 

 

 

74,558

 

 

 

52,009

 

Diluted weighted average common shares outstanding

 

 

21,868,788

 

 

 

20,243,635

 

 

 

17,939,007

 

Diluted earnings per common share

 

$

3.15

 

 

$

3.60

 

 

$

2.87