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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2023
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Schedule of Earnings per Common Share Reconciliation | The following table illustrates the calculation of weighted average shares used for earnings per common share computations for the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (Dollars in thousands, except shares)
Net income allocated to common shareholders | $ | 18,219 |  |  | $ | 20,990 |  |  | $ | 55,522 |  |  | $ | 59,331 |
Basic: |  |  |  |  |  |  |
Weighted average common shares outstanding | 35,022,676 |  |  | 35,103,984 |  |  | 35,062,760 |  |  | 35,103,048 |
Diluted: |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 35,022,676 |  |  | 35,103,984 |  |  | 35,062,760 |  |  | 35,103,048 |
Effect of potentially dilutive common shares (1) | 92,489 |  |  | 364,906 |  |  | 242,696 |  |  | 335,624 |
Total diluted weighted average common shares outstanding | 35,115,165 |  |  | 35,468,890 |  |  | 35,305,456 |  |  | 35,438,672 |
Potentially dilutive shares that were excluded from the computation of diluted earnings per share because to do so would be anti-dilutive (2) | 312,539 |  |  | 3,026 |  |  | 163,860 |  |  | 13,662 |
(1) Represents the effect of the vesting of restricted stock units. (2) Anti-dilution occurs when the unrecognized compensation cost per share of a restricted stock unit exceeds the market price of the Company’s stock.
Schedule of Dividends Activity | The following table summarizes the dividend activity during the nine months ended September 30, 2023 and the calendar year 2022:
Declared |  | Cash Dividend per Share |  | Record Date |  | Paid Date |  |
January 26, 2022 |  | $0.21 |  | February 9, 2022 |  | February 23, 2022 |  |
April 20, 2022 |  | $0.21 |  | May 4, 2022 |  | May 18, 2022 |  |
July 20, 2022 |  | $0.21 |  | August 3, 2022 |  | August 17, 2022 |  |
October 19, 2022 |  | $0.21 |  | November 2, 2022 |  | November 16, 2022 |  |
January 25, 2023 |  | $0.22 |  | February 8, 2023 |  | February 22, 2023 |  |
Declared |  | Cash Dividend per Share |  | Record Date |  | Paid Date |  |
April 19, 2023 |  | $0.22 |  | May 4, 2023 |  | May 18, 2023 |  |
July 19, 2023 |  | $0.22 |  | August 2, 2023 |  | August 16, 2023 |  |
Schedule of Stock Repurchased | The following table provides total repurchased shares and average share prices under the repurchase plan for the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  | Plan Total(1)
Twelfth Stock Repurchase Plan |  |  |  |  |  |  |  |  |
Repurchased shares | 148,119 |  |  | — |  |  | 330,424 |  |  | 100,090 |  |  | 1,491,264 |
Stock repurchase average share price | $ | 17.08 |  |  | $ | — |  |  | $ | 18.82 |  |  | $ | 25.07 |  |  | $ | 22.80 |
(1) Represents total shares repurchased and average price per share paid during the duration of the repurchase plan. In addition to the stock repurchases under a stock repurchase plan, the Company repurchases shares to pay withholding taxes on the vesting of restricted stock units. The following table provides total shares repurchased to pay withholding taxes during the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Repurchased shares to pay withholding taxes | 335 |  |  | 100 |  |  | 31,567 |  |  | 26,280 |
Stock repurchase to pay withholding taxes average share price | $ | 17.26 |  |  | $ | 26.94 |  |  | $ | 22.03 |  |  | $ | 25.40 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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