XML 37 R27.htm IDEA: XBRL DOCUMENT v3.24.3
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2024
Text Block [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:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
(Dollars in thousands, except shares)
Net income allocated to common shareholders$11,423 $18,219 $31,330 $55,522 
Basic:
Weighted average common shares outstanding34,322,069 35,022,676 34,584,851 35,062,760 
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
(Dollars in thousands, except shares)
Diluted:
Basic weighted average common shares outstanding34,322,069 35,022,676 34,584,851 35,062,760 
Effect of potentially dilutive common shares (1)
336,605 92,489 417,524 242,696 
Total diluted weighted average common shares outstanding34,658,674 35,115,165 35,002,375 35,305,456 
Potentially dilutive shares that were excluded from the computation of diluted earnings per share because to do so would be anti-dilutive (2)
131,152 312,539 45,341 163,860 
(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, 2024 and the calendar year 2023:
DeclaredCash Dividend per ShareRecord DatePaid Date
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
January 24, 2024$0.23February 8, 2024February 22, 2024
April 24, 2024$0.23May 8, 2024May 22, 2024
July 24, 2024$0.23August 7, 2024August 21, 2024