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Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2023
Accounting Policies [Abstract] |
Schedule of Computation of Basic and Diluted Earnings Per Share | The following table shows computation of basic and diluted earnings per share.
|  |  | Three Months Ended
|  |  | March 31
|  |  |  |  | 2023 |  | 2022
Basic earnings per share |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 18,228 |  |  | $ | 23,563 |
Weighted average common shares outstanding |  |  |  |  | 43,583,554 |  |  | 43,554,713 |
Basic earnings per share |  |  |  |  | $ | 0.42 |  |  | $ | 0.54 |
Diluted earnings per share |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 18,228 |  |  | $ | 23,563 |
Weighted average common shares outstanding |  |  |  |  | 43,583,554 |  |  | 43,554,713 |
Effect of dilutive securities: |  |  |  |  |  |  |
Restricted stock |  |  |  |  | 142,318 |  |  | 129,793 |
Stock options |  |  |  |  | 18,849 |  |  | 50,050 |
Weighted average common shares outstanding |  |  |  |  | 43,744,721 |  |  | 43,734,556 |
Diluted earnings per share |  |  |  |  | $ | 0.42 |  |  | $ | 0.54 |
Schedule of Error Corrections and Prior Period Adjustments | The following tables present the revisions to the line items of our previously issued financial statements to reflect the correction of the errors:
Consolidated Statements of Income
Three Months Ended March 31, 2022
| As Reported |  | Indirect Loan Dealer Reserve Adjustment |  | As Revised
Interest income |  |  |  |  |
Loans receivable | $ | 37,879 |  |  | $ | (1,340) |  |  | $ | 36,539 |
Total interest income | 52,082 |  |  | (1,340) |  |  | 50,742 |
Net interest income | 48,171 |  |  | (1,340) |  |  | 46,831 |
Net interest income after credit loss expense (recovery) | 49,557 |  |  | (1,340) |  |  | 48,217 |
Non–interest expense |  |  |  |  |
Loan expense | 2,545 |  |  | (1,340) |  |  | 1,205 |
Total non–interest expense | 36,610 |  |  | (1,340) |  |  | 35,270 |
Net income | 23,563 |  |  | — |  |  | 23,563 |
Consolidated Statements of Cash Flows
Three Months Ended March 31, 2022
| As Reported |  | Indirect Loan Dealer Reserve Adjustment |  | Transfer of AFS Securities to HTM Securities |  | As Revised
Operating Activities |  |  |  |  |  |  |
Net change in other assets | $ | 4,730 |  |  | $ | 1,037 |  |  | $ | — |  |  | $ | 5,767 |
Net cash provided by operating activities | 27,055 |  |  | 1,037 |  |  | — |  |  | 28,092 |
Investing activities |  |  |  |  |  |  |
Net change in loans | (67,592) |  |  | (1,037) |  |  | — |  |  | (68,629) |
Net cash used in investing activities | (555,959) |  |  | (1,037) |  |  | — |  |  | (556,996) |
Net Change in Cash and Cash Equivalents | 120,954 |  |  | — |  |  | — |  |  | 120,954 |
Additional Supplemental Information |  |  |  |  |  |  |
Transfer of available for sale securities to held to maturity securities | — |  |  | — |  |  | 120,881 |  |  | 120,881 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794 + Details
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