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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2025
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 three months ended March 31, 2025 and 2024 were as follows:

 

 

Three months ended

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

Basic net income per common share

 

 

 

 

 

 

Available to common stockholders:

 

 

 

 

 

 

Net income

 

$

22,171,000

 

 

$

20,503,000

 

Weighted average common shares outstanding

 

 

23,858,817

 

 

 

23,872,731

 

Basic earnings per common share

 

$

0.93

 

 

$

0.86

 

 

 

 

 

 

 

Diluted net income per common share

 

 

 

 

 

 

Available to common stockholders:

 

 

 

 

 

 

Net income applicable to diluted earnings per share

 

$

22,171,000

 

 

$

20,503,000

 

Weighted average common shares outstanding

 

 

23,858,817

 

 

 

23,872,731

 

Dilutive potential common shares: restricted stock awarded

 

 

100,411

 

 

 

87,604

 

Diluted weighted average common shares outstanding

 

 

23,959,228

 

 

 

23,960,335

 

Diluted earnings per common share

 

$

0.93

 

 

$

0.86