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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Sep. 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 September 30, | ​ | Nine months ended September 30,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
Basic | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per consolidated statements of income | ​ | $ | 12,266 | ​ | $ | 22,063 | ​ | $ | 45,268 | ​ | $ | 62,700
Less: Earnings allocated to participating securities | ​ | ​ | — | ​ | ​ | (118) | ​ | ​ | — | ​ | ​ | (285)
Net income available to common stockholders | ​ | $ | 12,266 | ​ | $ | 21,945 | ​ | $ | 45,268 | ​ | $ | 62,415
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding including participating securities | ​ | ​ | 11,193,063 | ​ | ​ | 11,098,563 | ​ | ​ | 11,173,214 | ​ | ​ | 11,110,491
Less: Weighted average participating securities | ​ | ​ | — | ​ | ​ | (59,200) | ​ | ​ | — | ​ | ​ | (50,440)
Weighted average common shares outstanding | ​ | ​ | 11,193,063 | ​ | ​ | 11,039,363 | ​ | ​ | 11,173,214 | ​ | ​ | 11,060,051
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per common share | ​ | $ | 1.10 | ​ | $ | 1.99 | ​ | $ | 4.05 | ​ | $ | 5.64
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income allocated to common stockholders | ​ | $ | 12,266 | ​ | $ | 21,945 | ​ | $ | 45,268 | ​ | $ | 62,415
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding for basic earnings per common share | ​ | ​ | 11,193,063 | ​ | ​ | 11,039,363 | ​ | ​ | 11,173,214 | ​ | ​ | 11,060,051
Add: Dilutive effects of assumed vesting of performance based restricted stock | ​ | ​ | 18,096 | ​ | ​ | 76,599 | ​ | ​ | — | ​ | ​ | 63,297
Add: Dilutive effects of assumed vesting of restricted stock units | ​ | ​ | 101,614 | ​ | ​ | 20,911 | ​ | ​ | 35,257 | ​ | ​ | —
Average shares and dilutive potential common shares | ​ | ​ | 11,312,773 | ​ | ​ | 11,136,873 | ​ | ​ | 11,208,471 | ​ | ​ | 11,123,348
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dilutive earnings per common share | ​ | $ | 1.08 | ​ | $ | 1.97 | ​ | $ | 4.04 | ​ | $ | 5.61

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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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