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Earnings Per Share | 12 Months Ended
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Dec. 31, 2024
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 assumed conversion of the Company’s convertible preferred stock and the Company’s stock options and restricted stock awarded, unless anti-dilutive. The components of basic and diluted net income per common share available to common stockholders for the years ended December 31, 2024, 2023, and 2022 were as follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
Basic net income per common share available to common stockholders: |  |  |  |  |  |  |  |  |
Net income available to common stockholders |  | $ | 78,898,000 |  |  | $ | 68,935,000 |  |  | $ | 72,952,000 |
Weighted average common shares outstanding |  |  | 23,800,523 |  |  |  | 21,780,217 |  |  |  | 20,169,077 |
Basic earnings per common share |  | $ | 3.31 |  |  | $ | 3.17 |  |  | $ | 3.62 |
Diluted net income per common share available to common stockholders: |  |  |  |  |  |  |  |  |
Net income available to common stockholders |  | $ | 78,898,000 |  |  | $ | 68,935,000 |  |  | $ | 72,952,000 |
Weighted average common shares outstanding |  |  | 23,800,523 |  |  |  | 21,780,217 |  |  |  | 20,169,077 |
Dilutive potential common shares: |  |  |  |  |  |  |  |  |
Restricted stock awarded |  |  | 95,158 |  |  |  | 88,571 |  |  |  | 74,558 |
Dilutive potential common shares |  |  | 95,158 |  |  |  | 88,571 |  |  |  | 74,558 |
Diluted weighted average common shares outstanding |  |  | 23,895,681 |  |  |  | 21,868,788 |  |  |  | 20,243,635 |
Diluted earnings per common share |  | $ | 3.30 |  |  | $ | 3.15 |  |  | $ | 3.60 |
There were no shares not considered in computing diluted earnings per share for the years ended December 31, 2024, 2023, and 2022.

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