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EARNINGS PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2023
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 March 31, | ​
​ |  | 2023 |  | 2022 |
Basic | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per consolidated statements of income | ​ | $ | 25,076 | ​ | $ | 19,021 | ​
Less: Earnings allocated to participating securities | ​ | ​ | (84) | ​ | ​ | (25) | ​
Net income available to common stockholders | ​ | $ | 24,992 | ​ | $ | 18,996 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding including participating securities | ​ | ​ | 11,081,924 | ​ | ​ | 10,934,091 | ​
Less: Weighted average participating securities | ​ | ​ | (37,300) | ​ | ​ | (14,223) | ​
Weighted average common shares outstanding | ​ | ​ | 11,044,624 | ​ | ​ | 10,919,868 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per common share | ​ | $ | 2.26 | ​ | $ | 1.74 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income allocated to common stockholders | ​ | $ | 24,992 | ​ | $ | 18,996 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding for basic earnings per common share | ​ | ​ | 11,044,624 | ​ | ​ | 10,919,868 | ​
Add: Dilutive effects of assumed exercise of stock options | ​ | ​ | — | ​ | ​ | 190,826 | ​
Add: Dilutive effects of assumed vesting of performance based restricted stock | ​ | ​ | 58,384 | ​ | ​ | 73,561 | ​
Add: Dilutive effects of assumed vesting of restricted stock units | ​ | ​ | — | ​ | ​ | 39,039 | ​
Average shares and dilutive potential common shares | ​ | ​ | 11,103,008 | ​ | ​ | 11,223,294 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dilutive earnings per common share | ​ | $ | 2.25 | ​ | $ | 1.69 | ​
​

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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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