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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
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
March 31,
20252024
(Dollars in thousands, except shares)
Net income allocated to common shareholders$13,911 $5,748 
Basic:
Weighted average common shares outstanding34,012,490 34,825,471 
Diluted:
Basic weighted average common shares outstanding34,012,490 34,825,471 
Effect of potentially dilutive common shares (1)
493,748 401,667 
Total diluted weighted average common shares outstanding34,506,238 35,227,138 
Potentially dilutive shares that were excluded from the computation of diluted earnings per share because to do so would be anti-dilutive (2)
24,629 52,397 
(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 three months ended March 31, 2025 and the calendar year 2024:
DeclaredCash Dividend per ShareRecord DatePaid Date
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
October 23, 2024$0.23November 6, 2024November 20, 2024
January 22, 2025$0.24February 6, 2025February 20, 2025