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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
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:
Year Ended December 31,
202320222021
(Dollars in thousands, except shares)
Net income allocated to common shareholders$61,755 $81,875 $98,035 
Basic:
Weighted average common shares outstanding35,022,247 35,103,465 35,677,851 
Diluted:
Basic weighted average common shares outstanding35,022,247 35,103,465 35,677,851 
Effect of potentially dilutive common shares(1)
235,942 360,431 295,535 
Total diluted weighted average common shares outstanding35,258,189 35,463,896 35,973,386 
Potentially dilutive shares that were excluded from the computation of diluted earnings per share because to do so would be anti-dilutive(2)
171,010 872 7,043 
(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 most recent three year period:
DeclaredCash Dividend per ShareRecord DatePaid Date
January 27, 2021$0.20February 10, 2021February 24, 2021
April 21, 2021$0.20May 5, 2021May 19, 2021
July 21, 2021$0.20August 4, 2021August 18, 2021
October 20, 2021$0.21November 3, 2021November 17, 2021
January 26, 2022$0.21February 9, 2022February 23, 2022
April 20, 2022$0.21May 4, 2022May 18, 2022
July 20, 2022$0.21August 3, 2022August 17, 2022
October 19, 2022$0.21November 2, 2022November 16, 2022
January 25, 2023$0.22February 8, 2023February 22, 2023
April 19, 2023$0.22May 4, 2023May 18, 2023
July 19, 2023$0.22August 2, 2023August 16, 2023
October 18, 2023$0.22November 1, 2023November 15, 2023
Schedule of Total Repurchased Shares and Average Share Prices
The following table provides total repurchased shares and average share prices under the repurchase plan for the periods indicated:
Year Ended December 31,
202320222021
Plan Total(1)
Twelfth Stock Repurchase Plan
Repurchased shares330,424 100,090 904,972 1,491,264 
Stock repurchase average share price$18.92 $25.07 $24.43 $22.82 
(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:
Year Ended December 31,
202320222021
Repurchased shares to pay withholding taxes32,792 1026,944 26,869 
Stock repurchase to pay withholding taxes average share price$22.01 $25.52 $29.10