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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, | ​ | Nine months ended September 30,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
Basic | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per consolidated statements of income | ​ | $ | 22,063 | ​ | $ | 24,955 | ​ | $ | 62,700 | ​ | $ | 67,165
Less: Earnings allocated to participating securities | ​ | ​ | (118) | ​ | ​ | (68) | ​ | ​ | (285) | ​ | ​ | (152)
Net income available to common stockholders | ​ | $ | 21,945 | ​ | $ | 24,887 | ​ | $ | 62,415 | ​ | $ | 67,013
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding including participating securities | ​ | ​ | 11,098,563 | ​ | ​ | 10,961,697 | ​ | ​ | 11,110,491 | ​ | ​ | 10,952,452
Less: Weighted average participating securities | ​ | ​ | (59,200) | ​ | ​ | (30,000) | ​ | ​ | (50,440) | ​ | ​ | (24,741)
Weighted average common shares outstanding | ​ | ​ | 11,039,363 | ​ | ​ | 10,931,697 | ​ | ​ | 11,060,051 | ​ | ​ | 10,927,711
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per common share | ​ | $ | 1.99 | ​ | $ | 2.28 | ​ | $ | 5.64 | ​ | $ | 6.13
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income allocated to common stockholders | ​ | $ | 21,945 | ​ | $ | 24,887 | ​ | $ | 62,415 | ​ | $ | 67,013
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding for basic earnings per common share | ​ | ​ | 11,039,363 | ​ | ​ | 10,931,697 | ​ | ​ | 11,060,051 | ​ | ​ | 10,927,711
Add: Dilutive effects of assumed exercise of stock options | ​ | ​ | — | ​ | ​ | 172,371 | ​ | ​ | — | ​ | ​ | 182,417
Add: Dilutive effects of assumed vesting of performance based restricted stock | ​ | ​ | 76,599 | ​ | ​ | 45,636 | ​ | ​ | 63,297 | ​ | ​ | 53,237
Add: Dilutive effects of assumed vesting of restricted stock units | ​ | ​ | 20,911 | ​ | ​ | 27,448 | ​ | ​ | — | ​ | ​ | 41,370
Average shares and dilutive potential common shares | ​ | ​ | 11,136,873 | ​ | ​ | 11,177,152 | ​ | ​ | 11,123,348 | ​ | ​ | 11,204,735
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dilutive earnings per common share | ​ | $ | 1.97 | ​ | $ | 2.23 | ​ | $ | 5.61 | ​ | $ | 5.98

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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