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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Earnings per share on a basic and diluted basis are calculated as follows (in thousands, except per share amounts):
|  | Years Ended December 31, |  |
|  | 2024 |  | 2023 |  | 2022 |  |
Basic and Diluted Earnings: |  |  |  |  |  |  |  |
Net income |  | $ | 88,494 |  |  | $ | 86,692 |  |  | $ | 105,020 |  |  |
Less: Earnings allocated to participating securities |  | 57 |  |  | 38 |  |  | 27 |  |  |
Net income available to common shareholders |  | $ | 88,437 |  |  | $ | 86,654 |  |  | $ | 104,993 |  |  |
Basic weighted-average shares outstanding |  | 30,293 |  |  | 30,704 |  |  | 32,120 |  |  |
Add: Stock awards |  | 76 |  |  | 55 |  |  | 131 |  |  |
Diluted weighted-average shares outstanding |  | 30,369 |  |  | 30,759 |  |  | 32,251 |  |  |
Basic earnings per share: |  |  |  |  |  |  |  |
Net income |  | $ | 2.92 |  |  | $ | 2.82 |  |  | $ | 3.27 |  |  |
Diluted earnings per share: |  |  |  |  |  |  |  |
Net income |  | $ | 2.91 |  |  | $ | 2.82 |  |  | $ | 3.26 |  |  |
For the year ended December 31, 2024, there were approximately 525,000 anti-dilutive shares. For the years ended December 31, 2023 and 2022, there were approximately 570,000 and 14,000 anti-dilutive shares, respectively.

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