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EARNINGS PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2024
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, | ​
​ |  | 2024 |  | 2023 |
Basic | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per consolidated statements of income | ​ | $ | 16,203 | ​ | $ | 25,076 | ​
Less: Earnings allocated to participating securities | ​ | ​ | — | ​ | ​ | (84) | ​
Net income available to common stockholders | ​ | $ | 16,203 | ​ | $ | 24,992 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding including participating securities | ​ | ​ | 11,132,989 | ​ | ​ | 11,081,924 | ​
Less: Weighted average participating securities | ​ | ​ | — | ​ | ​ | (37,300) | ​
Weighted average common shares outstanding | ​ | ​ | 11,132,989 | ​ | ​ | 11,044,624 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per common share | ​ | $ | 1.46 | ​ | $ | 2.26 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income allocated to common stockholders | ​ | $ | 16,203 | ​ | $ | 24,992 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding for basic earnings per common share | ​ | ​ | 11,132,989 | ​ | ​ | 11,044,624 | ​
Add: Dilutive effects of assumed exercise of stock options | ​ | ​ | — | ​ | ​ | — | ​
Add: Dilutive effects of assumed vesting of performance based restricted stock | ​ | ​ | — | ​ | ​ | 58,384 | ​
Add: Dilutive effects of assumed vesting of restricted stock units | ​ | ​ | — | ​ | ​ | — | ​
Average shares and dilutive potential common shares | ​ | ​ | 11,132,989 | ​ | ​ | 11,103,008 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dilutive earnings per common share | ​ | $ | 1.46 | ​ | $ | 2.25 | ​

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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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