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EARNINGS PER SHARE (Tables)
6 Months Ended
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