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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2024
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, 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