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EARNINGS PER COMMON SHARE (Tables) | 12 Months Ended
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Dec. 31, 2023
EARNINGS PER COMMON SHARE |
Schedule of earnings per share | The factors used in the earnings per share calculation are as follows (in thousands, except per share data). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2023 |  | 2022 |  | 2021
Basic | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per consolidated statements of income | ​ | $ | 77,268 | ​ | $ | 59,425 | ​ | $ | 60,555
Less: Earnings allocated to participating securities | ​ | ​ | (365) | ​ | ​ | (141) | ​ | ​ | (739)
Net income available to common stockholders | ​ | $ | 76,903 | ​ | $ | 59,284 | ​ | $ | 59,816
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding including participating securities | ​ | ​ | 11,112,572 | ​ | ​ | 10,955,077 | ​ | ​ | 9,123,037
Less: Weighted average participating securities | ​ | ​ | (52,462) | ​ | ​ | (26,056) | ​ | ​ | (111,337)
Weighted average common shares outstanding | ​ | ​ | 11,060,110 | ​ | ​ | 10,929,021 | ​ | ​ | 9,011,700
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per common share | ​ | ​ | 6.95 | ​ | ​ | 5.42 | ​ | ​ | 6.64
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income allocated to common stockholders | ​ | $ | 76,903 | ​ | $ | 59,284 | ​ | $ | 59,816
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding for basic earnings per common share | ​ | ​ | 11,060,110 | ​ | ​ | 10,929,021 | ​ | ​ | 9,011,700
Add: Dilutive effects of assumed exercise of stock options | ​ | ​ | — | ​ | ​ | 170,648 | ​ | ​ | 170,792
Add: Dilutive effects of assumed vesting of performance based restricted stock | ​ | ​ | 69,790 | ​ | ​ | 56,711 | ​ | ​ | 51,581
Add: Dilutive effects of assumed vesting of restricted stock units | ​ | ​ | — | ​ | ​ | 43,804 | ​ | ​ | 38,749
Average shares and dilutive potential common shares | ​ | ​ | 11,129,900 | ​ | ​ | 11,200,184 | ​ | ​ | 9,272,822
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dilutive earnings per common share | ​ | $ | 6.91 | ​ | $ | 5.29 | ​ | $ | 6.45

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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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