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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, | ​ | Six months ended June 30,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
Basic | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per consolidated statements of income | ​ | $ | 16,799 | ​ | $ | 15,561 | ​ | $ | 33,002 | ​ | $ | 40,637
Less: Earnings allocated to participating securities | ​ | ​ | — | ​ | ​ | (82) | ​ | ​ | — | ​ | ​ | (170)
Net income available to common stockholders | ​ | $ | 16,799 | ​ | $ | 15,479 | ​ | $ | 33,002 | ​ | $ | 40,467
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding including participating securities | ​ | ​ | 11,192,936 | ​ | ​ | 11,195,461 | ​ | ​ | 11,163,127 | ​ | ​ | 11,137,381
Less: Weighted average participating securities | ​ | ​ | — | ​ | ​ | (59,200) | ​ | ​ | — | ​ | ​ | (46,686)
Weighted average common shares outstanding | ​ | ​ | 11,192,936 | ​ | ​ | 11,136,261 | ​ | ​ | 11,163,127 | ​ | ​ | 11,090,695
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per common share | ​ | $ | 1.50 | ​ | $ | 1.39 | ​ | $ | 2.96 | ​ | $ | 3.65
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income allocated to common stockholders | ​ | $ | 16,799 | ​ | $ | 15,479 | ​ | $ | 33,002 | ​ | $ | 40,467
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding for basic earnings per common share | ​ | ​ | 11,192,936 | ​ | ​ | 11,136,261 | ​ | ​ | 11,163,127 | ​ | ​ | 11,090,695
Add: Dilutive effects of assumed exercise of stock options | ​ | ​ | — | ​ | ​ | 88,591 | ​ | ​ | — | ​ | ​ | 123,773
Add: Dilutive effects of assumed vesting of performance based restricted stock | ​ | ​ | — | ​ | ​ | 53,553 | ​ | ​ | — | ​ | ​ | 56,682
Add: Dilutive effects of assumed vesting of restricted stock units | ​ | ​ | 6,800 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Average shares and dilutive potential common shares | ​ | ​ | 11,199,736 | ​ | ​ | 11,278,405 | ​ | ​ | 11,163,127 | ​ | ​ | 11,271,150
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dilutive earnings per common share | ​ | $ | 1.50 | ​ | $ | 1.37 | ​ | $ | 2.96 | ​ | $ | 3.59

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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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