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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2022
EARNINGS PER SHARE |
Schedule of earnings per share | The factors used in the earnings per share calculation are as follows (in thousands, except per share data). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, | ​ | Six months ended June 30,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
Basic | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per consolidated statements of income | ​ | $ | 23,189 | ​ | $ | 13,336 | ​ | $ | 42,210 | ​ | $ | 25,453
Less: Earnings allocated to participating securities | ​ | ​ | (63) | ​ | ​ | (84) | ​ | ​ | (85) | ​ | ​ | (106)
Net income available to common stockholders | ​ | $ | 23,126 | ​ | $ | 13,252 | ​ | $ | 42,125 | ​ | $ | 25,347
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding including participating securities | ​ | ​ | 10,961,697 | ​ | ​ | 8,343,946 | ​ | ​ | 10,947,829 | ​ | ​ | 8,329,003
Less: Weighted average participating securities | ​ | ​ | (30,000) | ​ | ​ | (31,712) | ​ | ​ | (22,111) | ​ | ​ | (34,599)
Weighted average common shares outstanding | ​ | ​ | 10,931,697 | ​ | ​ | 8,312,234 | ​ | ​ | 10,925,718 | ​ | ​ | 8,294,404
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per common share | ​ | $ | 2.12 | ​ | $ | 1.59 | ​ | $ | 3.86 | ​ | $ | 3.06
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income allocated to common stockholders | ​ | $ | 23,126 | ​ | $ | 13,252 | ​ | $ | 42,125 | ​ | $ | 25,347
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding for basic earnings per common share | ​ | ​ | 10,931,697 | ​ | ​ | 8,312,234 | ​ | ​ | 10,925,718 | ​ | ​ | 8,294,404
Add: Dilutive effects of assumed exercise of stock options | ​ | ​ | 180,787 | ​ | ​ | 162,674 | ​ | ​ | 186,364 | ​ | ​ | 153,545
Add: Dilutive effects of assumed vesting of performance based restricted stock | ​ | ​ | 52,004 | ​ | ​ | 38,495 | ​ | ​ | 63,980 | ​ | ​ | 31,613
Add: Dilutive effects of assumed vesting of restricted stock units | ​ | ​ | 25,319 | ​ | ​ | 30,071 | ​ | ​ | 32,930 | ​ | ​ | 17,383
Average shares and dilutive potential common shares | ​ | ​ | 11,189,807 | ​ | ​ | 8,543,474 | ​ | ​ | 11,208,992 | ​ | ​ | 8,496,945
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dilutive earnings per common share | ​ | $ | 2.07 | ​ | $ | 1.55 | ​ | $ | 3.76 | ​ | $ | 2.98

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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 http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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